i need journal entries for this and thanks for helping !. hope to get answer...

90.2K

Verified Solution

Question

Accounting

i need journal entries for this
and thanks for helping !.
hope to get answer soon
image
image
kindly give me the answer because i already did half of it
The general ledger of Blue Ltd. on July 31,2024, included the following selected accounts before adjusting entries were prepared: An analysis of the company's accounts shows the following 1. The notes receivahle have an interest rate of 3% 2. Supplies on hand at the end of the month totalled $50,100 3. The balance in Prepaid Rent represents four months of rent costs. 4. Employees were owed $45,100 related to unpaid salaries. 5. Depreciation on buildings is $31,200 per year. 6. During the month, the company satisfed performance obligations worth $46,700 related to the Deferred Revenue 7. Unpaid maintenance and repairs costs were $44,300. Prepare the adjusting entries at July 31 , assuming the company prepares adjusting entries monthly. Use additional accounts as needed. (Credit account titles are autornatically indented when amount is entered. Do not indent manually tist all debit entries before credif entries. If no entry is required, select "No Entry' for the account titles and enter Ofor the amounts)

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