hub1234
Apr 2, 2008, 07:53 AM
1)There are two accounts in trial balance insurance expense 2800,prepaid insurance 9200.Unexpired insurance at the statement date is 3000
2)All rent receipts(25000) were credited to rent income. At the end of the year 5000 of the rentals were unearned
3)A capital expenditure of 6000 was debited to repairs expense of October 1.the annual rate of depreciation on machinery is 10 percent.
Please help me with journalizing these 3 entries
2)All rent receipts(25000) were credited to rent income. At the end of the year 5000 of the rentals were unearned
3)A capital expenditure of 6000 was debited to repairs expense of October 1.the annual rate of depreciation on machinery is 10 percent.
Please help me with journalizing these 3 entries