Lukas Films Corp Adjusting Journal Entries The unadjusted trial balance of Lukas Films Corporation includes...
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Lukas Films Corp Adjusting Journal Entries The unadjusted trial balance of Lukas Films Corporation includes the following account balances at December its fiscal yearend. Assume all accounts have normal debit or credit balances as applicable. Prepare all necessary adjusting entries at December A physical count of supplies indicates that $ of supplies have not been used at December A $ telephone bill for December has been received but not recorded. One day of wages amounting to $ remains unpaid and unrecorded at December ; the amount will be included with the first Friday payment in January. The equipment was purchased December ; it is expected to last years. No depreciation has yet been recorded. The prepaid rent is for three months: December January and February Half of the unearned advertising has been earned at December The $ balance in Insurance Expense is for a oneyear policy, effective August 
Lukas Films Corp
Adjusting Journal Entries
The unadjusted trial balance of Lukas Films Corporation includes the following account
balances at December its fiscal yearend. Assume all accounts have normal debit or
credit balances as applicable. Prepare all necessary adjusting entries at December
A physical count of supplies indicates that $ of supplies have not been used at December
A $ telephone bill for December has been received but not recorded.
One day of wages amounting to $ remains unpaid and unrecorded at December ; the
amount will be included with the first Friday payment in January.
The equipment was purchased December ; it is expected to last years. No depreciation has
yet been recorded.
The prepaid rent is for three months: December January and February
Half of the unearned advertising has been earned at December
The $ balance in Insurance Expense is for a oneyear policy, effective August
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