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starter 3-11 and 3-12.

tLOms, post to the accounts listed in Starter 3-8 and show Recording amortization their balances at May 31. ) 2. What is the computer equipment's book value at May 31? 3 2. Book value, $26,250 tarter 3-10 Suppose Ladner Environmental Services (LES) borrowed $50,000 on March 1 by signing for the remainder of its fiscal year (March through May) is $450. a note payable to Royal Bank. LES's interest expense Accruing and paying interes expense 3 1. Make LES's adjusting entry to accrue interest expense at May 31. Date the entry and include its explanation. 2. Using T-accounts, post to the two accounts affected by the adjustment. carter 3-11 Employees of Guelph Toyota work Monday through Friday and are paid every Friday for work done that week. The daily payroll is $13,900 and the last payday journal entry, if any Accruing wages Friday, December 28. What is the required adjusting Monday, December 31? was on arter 3-12 The Big Clipper Magazine collects cash from subscribers in advance and Accounting for unearned then mails the magazines to subscribers over a one-year period. Give the adjusting entry that the company makes to record the earning of $10,000 of subscription Include revenues 3 revenue that was collected in advance on March 1, 2017. explanation for the entry, as illustrated in the chapter an Identify accounts for adjusting entries arter 3-13 Identify the accounts affected by each of the following transactions, and state whether each account is debited or credited: 3 Balance Sheet Income Statement Account (Dr/Cr) Account (Dr/Cr) nsaction Cevenue is earned but not yet billed. repaid rent expired during the month. nnual amortization is recorded

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