Accounting

This is in regards to adjusting entries. If I own a hotel and In order to reserve a room you must pay $220.00 in advance, what type of adjusting entries do I make, How do I determine the amounts of the adjustments, and which accounts are affected?

  1. 👍 0
  2. 👎 0
  3. 👁 111
asked by Lynn

Respond to this Question

First Name

Your Response

Similar Questions

  1. college princ. of accounting II

    Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (Round all answers to 0 decimal places.) The equipment depreciates at $250 per month.

    asked by Britni on January 19, 2009
  2. accounting

    List the following steps of the accounting cycle in their proper order a. Preparing the post closing trial balance b. postint the journal entries c. journalizing and posting adjusting entries d. preparing the adjusted trial

    asked by shelly on October 16, 2007
  3. accounting

    List the following steps of the accounting cycle in their proper order a. Preparing the post closing trial balance b. postint the journal entries c. journalizing and posting adjusting entries d. preparing the adjusted trial

    asked by shelly on October 14, 2007
  4. acct. correction

    can someone correct these for me thanks. for the accounting cycle. i have to place these in order. a) Posting the journal entries b) Journalizing and posting adjusting entries c) Preparing the adjusted trial balances d)

    asked by student acc on November 12, 2007
  5. Accounting

    On June 1, Coble Company Ltd. borrows $64,000 from First Bank on a 6-month, $64,000, 9% note. The note matures on December 1. (List multiple debit/credit entries from largest to smallest.) a) Prepare the entry on June 1. b)

    asked by Kate on November 1, 2011
  6. accouting class

    Is this order correct for the accouting cycle: 1. Analyzing transactions and events 2. Journalizing transactions and events 3. Posting the journal entries 4. Preparing an unadjusted trial balance 5. Journalizing and posting

    asked by student acc on November 15, 2007
  7. accounting

    On January 1, 2008 Touring company agreed to buy some equipment from Jones Company. Touring company signed a note,agreeing to pay Jones company $500,000 for the equipment on December 31, 2010. The market rate of interest for this

    asked by Jamie on May 2, 2012
  8. college Accounting

    The ledger of Piper Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared. Debit Credit Prepaid Insurance $ 3,600 Supplies 2,800 Equipment 25,000

    asked by Michelle on September 1, 2009
  9. Math (Finance)

    Why are adjusting entries necessary?

    asked by Brian on September 11, 2007
  10. accounting

    The Ritz Manor is a popular seaside resort. A double room costs $220 for one night. To reserve a room, guests must pay one night’s stay in advance. On each floor of the hotel, Vendalite Company operates vending machines with

    asked by Anonymous on July 7, 2010

More Similar Questions