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-   -   Balance Sheets and adjustments (https://www.askmehelpdesk.com/showthread.php?t=357412)

  • May 24, 2009, 02:35 PM
    bonnie3
    Balance Sheets and adjustments
    Can someone tell me which type of Adjustments (Adjusted Trial Balance or Adjustment) the following are? Im trying to put them in my balance sheet.And would they be accounts recievable or notes payable or something else. I am confused


    a. As of December 31, 2005, employees had earned $900 of unpaid and unrecorded salaries. The
    Next payday is January 4, at which time $1,600 of salaries will be paid.
    b. The cost of supplies still available at December 31, 2005, is $2,700.
    c. The notes payable requires an interest payment to be made every three months. The amount
    Of unrecorded accrued interest at December 31, 2005, is $1,250. The next interest payment,
    At an amount of $1,500, is due on January 15, 2006.
    d. Analysis of the unearned member fees account shows $5,600 remaining unearned at December
    31, 2005.
    e. In addition to the member fees included in the revenue account balance, the company has earned
    Another $9,100 in unrecorded fees that will be collected on January 31, 2006. The company
    Is also expected to collect $8,000 on that same day for new fees earned in January 2006.
    f. Depreciation expense for the year is $12,500.
  • May 24, 2009, 03:39 PM
    morgaine300

    Can you please, please, please not keep posting this same question over and over again.
  • May 25, 2009, 12:23 PM
    pready

    A through f will be adjusting entries. After your adjusting entries you will prepare and adjusted trial balance. The adjusted trial balance will very that your debits and credits from your adjusting entries are in-sbalance.

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