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July 3, 2015

Homework Help: ACCT

Posted by Tan on Thursday, March 1, 2012 at 1:57am.

The question is: In the journal provided, prepare year- end adjustments for the following situations. Omit explanations.

a. accrued interest on notes receivable is $105
b. of the $12,000 received in advance of earning a service, one third was still unearned by year end.
c. three years rent, totaling $36,000, was paid in advance at the beginning of the year.
d. services totaling $5300 had been performed but not yet billed.
e. depreciation on trucks totaled $3400 for the year
f. supplies available for use totaled $690 however, by year end, only $100 remained
g. payroll for the 5 day work week, to be paid on friday, is $30,000. Year end is on a monday
h. estimated federal income taxes were $4,160

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