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Category > Accounting Posted 06 May 2017 My Price 10.00

Prepare the year-end adjusting entries from the Adjustments

Prepare the year-end adjusting entries from the Adjustments column of Majors Company’s work sheet from Practice Exercise 3.

 

Practice Exercise 3

Following are the adjustment data for Majors Company:

a–b. Merchandise inventory (ending), $64,800.

c. Course fees earned, $1,800.

d. Supplies inventory (on hand), $2,415.

e. Insurance expired, $1,520.

f. Depreciation of building, $13,500.

g. Depreciation of equipment, $5,900.

h. Wages accrued, $2,030.

Record these data in the Adjustments column of the following work sheet.

 

 
 
 

 

Answers

Alpha Geek
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Status NEW Posted 06 May 2017 10:05 AM My Price 10.00

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file 1494065933-Answer.docx preview (114 words )
P-----------rep-----------are----------- th-----------e y-----------ear------------en-----------d a-----------dju-----------sti-----------ng -----------ent-----------rie-----------s f-----------rom----------- th-----------e A-----------dju-----------stm-----------ent-----------s c-----------olu-----------mn -----------of -----------Maj-----------ors----------- Co-----------mpa-----------nyâ-----------€™s----------- wo-----------rk -----------she-----------et -----------fro-----------m P-----------rac-----------tic-----------e E-----------xer-----------cis-----------e 3-----------. -----------Pra-----------cti-----------ce -----------Exe-----------rci-----------se -----------3 -----------Fol-----------low-----------ing----------- ar-----------e t-----------he -----------adj-----------ust-----------men-----------t d-----------ata----------- fo-----------r M-----------ajo-----------rs -----------Com-----------pan-----------y: ----------- aâ-----------€“b-----------. M-----------erc-----------han-----------dis-----------e i-----------nve-----------nto-----------ry -----------(en-----------din-----------g),----------- $6-----------4,8-----------00.----------- c-----------. C-----------our-----------se -----------fee-----------s e-----------arn-----------ed,----------- $1-----------,80-----------0. ----------- d.----------- Su-----------ppl-----------ies----------- in-----------ven-----------tor-----------y (-----------on -----------han-----------d),----------- $2-----------,41-----------5. ----------- e.----------- In-----------sur-----------anc-----------e e-----------xpi-----------red-----------, $-----------1,5-----------20.----------- f-----------. D-----------epr-----------eci-----------ati-----------on -----------of -----------bui-----------ldi-----------ng,----------- $1-----------3,5-----------00.----------- g-----------. D-----------epr-----------eci-----------ati-----------on -----------of -----------equ-----------ipm-----------ent-----------, $-----------5,9-----------00.-----------
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