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Prepare the adjusting journal entries needed at June 30, 2010.
Prepare the adjusting journal entries needed at June 30, 2010:
1. At June 30 the company needed to include Motor Vehicle depreciation of $6,300 in the accounts 2. On June 30 the company decided to increase its provision for doubtful debts from $17,000 to $22,500 3. The company paid an annual subscription of $399 on May 1st, 2010 4. The company received an annual maintenance fee of $145,000 from a client on April 1, 2010 |
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