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Journalize the adjusting entries at August 31, 2006 On August 25, a local business contracted with doon cove to rent one of the cottages for six months, starting October 1 at a rate of 1,400 per month. An advane payment equal to two months rent to be paid on September 5
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How to adjust these entries Journalize at August 31, 2006 1. Salaries accrued to the end of August were $1,400 2. The August utility bill of $1,500 is unrecorded and unpaid 3. mortgage interest rate is 7% per year. Interest has been paid to July 31, 2006
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unadjusted entries 3/4- paid 1360 rent for march 1 through April 30 (680/month) 3/29 - received 980 for patients on accnt 3/31- paid following expenses:salaries (1400) advertising (85) insurance (400) adjusting entries 1- dental services worth 100 performed on accnt on march 31 for the...
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Hoping someone can check my answer for a homework question. They did not give much info, so I want to verfiy I am correct (for example: not sure if the month a pre-paid rent hits, if it deducts that month). Thanks in advance! GUNFLINTADVENTURES ...
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Original Journal Entry: Negotiated Bank loan on September 12, in the amount of $20,000. Prepare a journal entry to issue a 60-day, 10% note to the bank for that amount. What would be the interest due on note? Adjusting Entry for September 30th - Accrue interest on note payable ($20,000) use a... View more questions Search
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