Ask Experts Questions for FREE Help !
Ask
    hush67's Avatar
    hush67 Posts: 1, Reputation: 1
    New Member
     
    #1

    Apr 25, 2009, 06:33 AM
    Accounting
    How do you prepare an adjusting entrie for these following things. Omit explanations

    1. Unrecorded interest accured on savings bond is $410.
    2. Property taxes incurred but not paid or recorded amount to $800.
    3. Legal services revenues of 4000 were collected in advance. By year end 900 was still unearned.
    4.prepaid insurance had a $500 debit balance proir to adjustment. By year end, 60 percent was still unexpired.
    5. Salaries inccured by year end but not yet paid or recorded amounted to $650.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
     
    #2

    Apr 27, 2009, 05:15 PM

    1. Interest Receivable and Interest Revenue
    2. Property Tax expense, Property Tax payable
    3. Legal Service Revenue, Unearned Legal Service Revenue
    4. Insurance Expense, Perepaid Insurance
    5. Salaries Expense, Salaries Payable

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Accounting and function of accounting [ 1 Answers ]

What is accounting and what are the function of accounting?

Inventory in accounting [ 2 Answers ]

As inventory is sold in many retail businesses, the largest expense is created. Is this true or not?


View more questions Search