Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Business School (https://www.askmehelpdesk.com/forumdisplay.php?f=60)
-   -   Create any adjusting entries needed from the following additional information: (https://www.askmehelpdesk.com/showthread.php?t=825987)

  • Jul 4, 2016, 03:41 PM
    prosperityball
    Create any adjusting entries needed from the following additional information:
    Create any adjusting entries needed from the following additional information:

    a) The hydro bill of $2,000 for December was received but not recorded or paid.

    b) A new employee has been hired for $150 a day, with a 5 day week, and will start work on January 1.

    c) The Prepaid rent account represents 3 months rent paid October 1, 2011

    d) The Furniture was purchased January 1, 2010 and is expected to have a 3 year useful life with a $4,000 salvage value.

    e) The unearned revenue represents a prepayment on September 1, 2011 for merchandise to be delivered over 6 months.

    f) Emma’s Essentials employs 2 people, each who earn $125 a day and they work Monday to Friday. The year end of December 31, 2011 is on a Friday. The employees have not been paid for the last 4 days.
  • Jul 4, 2016, 05:17 PM
    smoothy
    You forgot to cut and paste your answers and work when you cut and pasted your homework.

    We don't do your assignments so you won't have to. Show us your work and your answers and then we can help/

  • All times are GMT -7. The time now is 04:54 PM.