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    tina88's Avatar
    tina88 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Nov 30, 2008, 01:35 AM
    Work sheet
    The ledger of Ley company includes the following unadjusted balances. Prepaid Insurance $3000, Service Revenue $58000, and Salaries expense $25000. Adjusting entries are required for (a) expired insurance $1200, (b) services provided $1100 but unbilled and uncollected, and (c) accured salaries payable $800. Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts.
    Note: You will need to add the following accounts: Accounts Receivable, Salaries Payable, and Insurance Expense.
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Nov 30, 2008, 01:38 AM
    Thank you for taking the time to copy your homework to AMHD.
    Please refer to this announcement: Ask Me Help Desk - Announcements in Forum : Homework Help
    tina88's Avatar
    tina88 Posts: 2, Reputation: 1
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    #3

    Nov 30, 2008, 01:44 AM

    I just don't know how to do it so any help
    neno2000's Avatar
    neno2000 Posts: 4, Reputation: 2
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    #4

    Dec 1, 2008, 04:22 AM

    Dear

    Expired insurance $1200 :

    DR / Prepaid Insurance
    CR/ Cash

    Services provided $1100 :

    DR/ Accrued Reveneue
    CR/ Reveneu

    Accured salaries payable $800:

    DR/ Salaries
    CR/ Accrued Expenses

    Hope this will help you
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