darh
Sep 26, 2007, 08:52 PM
There are three water meters for property Z. Accruals for February were made as $800 for Meter A, $1,000 for Meter B, $1,200 for Meter C. In March, Property Z received the following actual water bills:
Meter A: $850 for February, $870 for March
Meter B: $1,000 for February
Meter C: $1,300 for March
a) Prepare accrual entries in March. (Include the description for the entries please)
b) Based on the March GL, how can you tell how much has been paid and how much has been accrued for each month (February & March)?
Meter A: $850 for February, $870 for March
Meter B: $1,000 for February
Meter C: $1,300 for March
a) Prepare accrual entries in March. (Include the description for the entries please)
b) Based on the March GL, how can you tell how much has been paid and how much has been accrued for each month (February & March)?