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    6 Accounting

    Uploaded by

    Renz Morales
    The document contains adjusting journal entries made throughout the year for various accounts including accrued revenues and expenses, prepaid expenses, depreciation, unearned revenues, and more. The entries adjust various balance sheet and income statement accounts and are made at regular intervals to accurately reflect the company's financial position and performance.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    6 Accounting

    Uploaded by

    Renz Morales
    200 views5 pages
    The document contains adjusting journal entries made throughout the year for various accounts including accrued revenues and expenses, prepaid expenses, depreciation, unearned revenues, and more. The entries adjust various balance sheet and income statement accounts and are made at regular intervals to accurately reflect the company's financial position and performance.

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    bmh

    Original Title

    6accounting

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    The document contains adjusting journal entries made throughout the year for various accounts including accrued revenues and expenses, prepaid expenses, depreciation, unearned revenues, and more. The entries adjust various balance sheet and income statement accounts and are made at regular intervals to accurately reflect the company's financial position and performance.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    200 views5 pages

    6 Accounting

    Uploaded by

    Renz Morales
    The document contains adjusting journal entries made throughout the year for various accounts including accrued revenues and expenses, prepaid expenses, depreciation, unearned revenues, and more. The entries adjust various balance sheet and income statement accounts and are made at regular intervals to accurately reflect the company's financial position and performance.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 5

    4-A

    A.) Dec 2 accrued revenue


    3 accrued expense
    4 accrued expense
    5 unearned revenue
    6 accrued expense
    7 repaid expense

    B. Repair adjusting entries


    Dec. 30 Account receivable 6,000
    fees earned 6,000
    30 Supplies expense 3,000
    store supplies 3,000
    30 utility expenses 2,250
    utility payable 2,250
    30 unearned revenue 2,600
    fees earned 2,600
    30 salaries expense 8,000
    salaries payable 8,000
    30 insurance expense 3,500
    prepaid insurance 3,500
    4-B
    1. Depreciation Expense 5,000
    Accumulated Depreciation-Equipment 5,000
    2. Unearned Rent revenue 31,000
    rent revenue 31,000
    (93,000/3×1)
    3. Interest expense 6,000
    Interest payable 6,000
    4. Supplies Expense 19,500
    supplies 19,500
    (28,000-8,500)
    5. Insurance expense 2,000
    prepaid insurance 2,000
    4-C
    jan.31 Account Receivable 7,500
    Fees earned 7,500
    31 Utility expense 6,500
    Utility payable 6,500
    31 Depreciation Expense 4,000
    Accumulated Depreciation
    iation 4,000
    dental equipment
    31 Interest expense 6,000
    Interest payable 6,000
    31 Insurance expense 10,000
    Prepaid insurance 10,000
    (120,000/12)
    31 Supplies expense 13,000
    supplies 13,000
    (18,000-5,000)
    4-D
    A.
    Jun-30 insurance expense 6,000
    prepaid insurance 6,000
    30 Depreciation expense 20,500
    accumulated Depreciation 500
    accumulated Depreciation 20,000
    30 interest expense 7,000
    interest payable 7,000
    30 unearned fees 45,000
    fees earned 45,000
    (15,000×3)
    30 salaries expense 12,000
    salaries payable 12,000
    (4 ,000x3)
    30 accounts receivable 12,000
    fees earned 12,000

    B. & C
    Delightful Tours
    Adjusted Trial Balance
    June 30 2019
    account titles Debit Credit
    cash 13,000
    12,000
    prepaid insurance 66,000
    office equipment 18,000
    accumulated Depreciation 1,400,000 500
    buses 20,000
    notes payable 620,000
    unearned fees 105,000
    salaries payable 12,000
    interest payable 7,000
    capital 700,000
    fees earned 216,000
    salaries expense 102,000
    interest expense 7,000
    insurance expense 6,000
    Depreciation expense 20,500
    advertising expense 8,000
    gas/oil expense 11,000
    Total: 1,680,500 1,680,500
    4-E
    A.
    sept.30 salaries expense 6,000
    salaries payable 6,000
    30 rent expense 6,000
    prepaid rent 6,000
    30 account receivable 4,000
    commission rev6 4,000
    30 Depreciation expense 3,500
    accumulated expenses 3,500
    30 interest expense 500
    interest payable 500
    30 unearned rent revenue 3,000
    rent revenue 3,000
    30 utilities expense 100
    utilities payable 100

    B.
    Statement of financial performance
    for the period ended September 30,2019

    Revenue
    rent revenue 7,000
    commission revenue 144,000 151,000
    expenses
    salaries 96,000
    rent 15,000
    Depreciation 3,500
    supplies 8,000
    utilities 5,100
    interest expense 100
    122,100
    profit: 28,900

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