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Category > Accounting Posted 06 May 2017 My Price 7.00

Journalize and post the adjusting entries for Fun and Games

Journalize and post the adjusting entries for Fun and Games from Practice Exercise 3.

 

Practice Exercise 3

Complete the work sheet on page 168 for Fun and Games for the month of September. Adjustment information:

(a) Supplies used during September, $500.

(b) Insurance expired during September, $175.

(c) Depreciation of equipment for the month of September, $540.

(d) Accrued wages owed at the end of September, $260.

Answers

Alpha Geek
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Status NEW Posted 06 May 2017 11:05 AM My Price 7.00

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file 1494070712-Answer.docx preview (106 words )
J-----------our-----------nal-----------ize----------- an-----------d p-----------ost----------- th-----------e a-----------dju-----------sti-----------ng -----------ent-----------rie-----------s f-----------or -----------Fun----------- an-----------d G-----------ame-----------s f-----------rom----------- Pr-----------act-----------ice----------- Ex-----------erc-----------ise----------- 3.----------- P-----------rac-----------tic-----------e E-----------xer-----------cis-----------e 3----------- C-----------omp-----------let-----------e t-----------he -----------wor-----------k s-----------hee-----------t o-----------n p-----------age----------- 16-----------8 f-----------or -----------Fun----------- an-----------d G-----------ame-----------s f-----------or -----------the----------- mo-----------nth----------- of----------- Se-----------pte-----------mbe-----------r. -----------Adj-----------ust-----------men-----------t i-----------nfo-----------rma-----------tio-----------n: ----------- (a-----------) S-----------upp-----------lie-----------s u-----------sed----------- du-----------rin-----------g S-----------ept-----------emb-----------er,----------- $5-----------00.----------- (-----------b) -----------Ins-----------ura-----------nce----------- ex-----------pir-----------ed -----------dur-----------ing----------- Se-----------pte-----------mbe-----------r, -----------$17-----------5. ----------- (c-----------) D-----------epr-----------eci-----------ati-----------on -----------of -----------equ-----------ipm-----------ent----------- fo-----------r t-----------he -----------mon-----------th -----------of -----------Sep-----------tem-----------ber-----------, $-----------540-----------. -----------(d)----------- Ac-----------cru-----------ed -----------wag-----------es -----------owe-----------d a-----------t t-----------he -----------end----------- of----------- Se-----------pte-----------mbe-----------r, -----------$26-----------0. ----------- An-----------swe-----------r
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