Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Accounting Basics Expert

Prepare year-end adjusting entries in journal form for each of the following:

1.Office Supplies has a balance of $168 on January 1. Purchases debited to Office Supplies during the year amount to $830. A year-end inventory reveals supplies of $570 on hand.

2.Depreciation of office equipment is estimated to be $4,260 for the year.
3.Property taxes for six months, estimated at $1,750, have accrued but have not been recorded.
4.Unrecorded interest income on U.S. government bonds is $1,7000.
5.Unearned Revenue has a balance of $1,800. Services for $600 received in advance have now been performed.
6.Services totaling $400 have been performed; the customer has not yet been billed.

 

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M941264

Have any Question? 


Related Questions in Accounting Basics

Taskin april 2016 the fair work ombusman released a report

Task In April 2016, the Fair Work Ombusman released a report on the findings of this inquiry on the 7 Eleven franchise network. The inquiry was prompted by allegations of systemic non-compliance with federal workplace la ...

Practice questionsfarmer george tractors ltd has

Practice questions: Farmer George Tractors Ltd has £500,000 to invest. The net cash flows of two possible projects are as follows: Year Project 1 Project 2   £ £ 1 80,000 90,000 2 100,000 110,000 3 180,000 190,000 4 140, ...

Pinciples of accounting5-6 pages body of paper only

Pinciples of Accounting 5-6 pages (Body of Paper only) Excluding title page and work cite You will select a company from this list, and you will analyze the company's financial performance, highlighting accounting princi ...

Sam manuel has been employed on a full-time basis as an

Sam Manuel has been employed on a full-time basis as an electrical engineer for the past three years. Prior to obtaining full-time employment, he was self-employed as an inventor of complex electronic components. During ...

Development of an anti-fraud programa for-profit

Development of an Anti-Fraud Program A for-profit manufacturing organization loses a certain percentage of its annual revenue to fraud. Fraud occurs regardless of organizational size or type. Every organization is vulner ...

Problem - journalizing transactions the chart of account

Problem - Journalizing Transactions The chart of account for Jerome Gelacio Pest Control is as follows: Assets Income 110 Cash 410 Landscaping Revenues Expenses 120 Accounts Receivable 510 Salaries Expense 130 Prepaid In ...

Financial information systems assessment myob

Financial Information Systems Assessment: MYOB assignment- Assessment overview This assignment is designed to introduce you to using double entry accounting using both a manual recording system and computer accounting so ...

Use the following transactions and additional information

Use the following TRANSACTIONS AND ADDITIONAL INFORMATION to complete the General Journal Entries, Ledger, Worksheet and Financial Statements for the first of the month of operations for The Golf Club. PERPETUAL INVENTOR ...

Principles of accountingthis response must be 150-200 words

PRINCIPLES OF ACCOUNTING This response must be 150-200 words long Explain the difference between cash-basis and accrual-basis accounting. Assume you are a business owner of the type of business you would like to own, wha ...

1 the rule that requires financial statements to reflect

1. The rule that requires financial statements to reflect the assumption that the business will continue operating instead of being closed or sold, unless evidence shows that it will not continue, is the: Going-concern a ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate