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Category > Business & Finance Posted 28 Jul 2017 My Price 4.00

Exerto Hospital’s pre adjusted trial balance on December 31, 20X1, included the following accounts

Exerto Hospital’s pre adjusted trial balance on December 31, 20X1, included the following accounts, among others:

The hospital paid a three-year insurance premium in advance on January 1, 20X1. On August 1, 20X1, a year’s rent was paid in advance. A $20,000, 12 percent loan for six months was obtained from a bank on November 1, 20X1, and the interest was paid in advance by the hospital.

Required: Prepare, in general journal form, the necessary adjusting entries at December 31, 20X1.

 

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Alpha Geek
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Status NEW Posted 28 Jul 2017 11:07 AM My Price 4.00

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Attachments

file 1501240472-1829068_1_636361329494800093_Exerto-Hospital.xlsx preview (167 words )
De-----------cem-----------ber----------- 31-----------, 2-----------0X1-----------Ren-----------t E-----------xpe-----------nse----------- ----------- ----------- ----------- P-----------rep-----------aid----------- Re-----------ntI-----------nsu-----------ran-----------ce -----------Exp-----------ens-----------e ----------- ----------- ----------- -----------Pre-----------pai-----------d I-----------nsu-----------ran-----------ceD-----------ate-----------Acc-----------oun-----------t T-----------itl-----------es -----------and----------- Ex-----------pla-----------nat-----------ion-----------Deb-----------itC-----------red-----------itG-----------ENE-----------RAL----------- JO-----------URN-----------AL ----------- ----------- ----------- ----------- Pr-----------epa-----------id -----------Int-----------ere-----------st -----------Int-----------ere-----------st -----------Exp-----------ens-----------e(i-----------) I-----------nsu-----------ran-----------ce -----------Exp-----------ens-----------e ----------- =----------- $-----------1,6-----------80(-----------i) -----------Int-----------ere-----------st -----------Exp-----------ens-----------e ----------- = ----------- $4-----------00(-----------i) -----------Ins-----------ura-----------nce----------- Ex-----------pen-----------se ----------- -----------= -----------($5-----------,04-----------0 Ã-----------· 3----------- ye-----------ars-----------)Th-----------e h-----------osp-----------ita-----------l p-----------aid----------- a -----------thr-----------ee------------yea-----------r i-----------nsu-----------ran-----------ce -----------pre-----------miu-----------m i-----------n a-----------dva-----------nce----------- on----------- Ja-----------nua-----------ry -----------1, -----------20X-----------1. -----------On -----------Aug-----------ust----------- 1,----------- 20-----------X1,----------- a -----------yea-----------râ€-----------™s -----------ren-----------t w-----------as -----------pai-----------d
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