Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 6.present, in journal form, the adjustments that w

6.Present, in journal form, the adjustments that would be made on December 31, 2017, the...

60.1K

Verified Solution

Question

Accounting

6.Present, in journal form, the adjustments that would be made on December 31, 2017, the end of the fiscal year, for each of the following.Assume no adjusting entries have been made during the year, but the originating transactions were recorded

a. The supplies inventory on January 1, 2017 was $8,500. Supplies costing $22,500 were acquired during the year and debited to the supplies inventory. A count on December 31, 2017 indicated supplies on hand of $8,800.

b. On April 30, the company loaned a customer $20,000 with a ten-month, 6% note received from the customer.

c.On December 1, the company paid $12,000 for rent for one year and a prepaid rent was debited.

d. On December 22, the company performed services worth $20,000 and they have not billed the customer.

Adjusting Entries

a.

b.

c.

d.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

If He(g) has an average kinetic energy of 4890 J/mol under certain conditions, what is the...

Physics
1.2K views

6. One morning while waiting for class to begin, you are reading a newspaper article about...

Mechanical Engineering
1.2K views

A small community of 50 members in Bidiya has decided to build a mini biogas plant...

Biology
1.2K views

A particular beer is 6 50 ethanol by volume If a single bottle of beer...

Biology
1.2K views

Match the following descriptions to the correct organelles or cell structures Options can be used...

Physics
1.2K views

A parallel plate capacitor with square plates is filled with four dielectrics of dielectric constants...

Calculus
1.2K views

13 f x 3 x 2 x 1 x 4 End Behavior Model Degree Leading...

Calculus
1.2K views

Let f x 11 ln x 11 Then f x is and f 9 is...

Calculus
1.2K views

110 teras 15 CO HOT NO Kty MaH www KIN H 3 M C K...

Accounting
1.2K views

Your firm's research department has estimated the income elasticity of a demand for Art Deco...

Accounting
1.2K views

Using the financial statements for HealthSouth Corp for the quarter ending 6/30/2002, or use the...

Accounting
1.2K views

addition1Tempo Company's fixed budget (based on sales of 12,000 units) folllows. Compute total varlable...