Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. use ms excel to journalize the input settings pres

Use MS Excel to journalize the input settings presented. As of August 31, the following...

50.1K

Verified Solution

Question

Accounting

Use MS Excel to journalize the input settings presented. As of August 31, the following information was accumulated to prepare adjustment entries for the Paper House company: The balance for the materials account (supplies) as of August 1 is $1,865. Materials on hand as of August 31 are worth $380. The balance of the unearned rent account as of August 31 is $11,000. According to the receipt, tenants paid in advance on August 1 for four months. Wages accrued, but not paid (salaries payable), as of August 31 total $4,680. Fees earned, but not charged, as of August 31 add up to $19,450. The accumulated depreciation is $1,800.

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