1. Paid $3,600 cash for the salaries accrued at the end of the prior accounting period. 2. Performed services for cash of $33,000. 3. Purchased $3,400 of supplies on account. 4. Paid $12,300 cash in advance for rent. The payment was for one year beginning April 1, Year 2. 5. Performed services for customers on account for $100,000. 6. Incurred operating expenses on account of $47,500. 7. Collected $95,000 cash from accounts receivable. 8. Paid $45,000 cash as a partial payment on accounts payable. 9. Paid $32,100 cash for salary expense. 10. Paid a $15,000 cash dividend to stockholders. Adjusting Entries 11. Made the adjusting entry for the expired rent. (Hint. Part of the rent was paid in Year 1.) 12. Recorded supplies expense. A physical count showed that $750 of supplies were still on hand. Problem 13-34A (Algo) Part a Required a. Record the events and adjusting entries for Year 1 in general journal form. (Do not round intermediate calculations. If no entry is IONITION RAL
1. Paid $3,600 cash for the salaries accrued at the end of the prior accounting period. 2. Performed services for cash of $33,000. 3. Purchased $3,400 of supplies on account. 4. Paid $12,300 cash in advance for rent. The payment was for one year beginning April 1, Year 2. 5. Performed services for customers on account for $100,000. 6. Incurred operating expenses on account of $47,500. 7. Collected $95,000 cash from accounts receivable. 8. Paid $45,000 cash as a partial payment on accounts payable. 9. Paid $32,100 cash for salary expense. 10. Paid a $15,000 cash dividend to stockholders. Adjusting Entries 11. Made the adjusting entry for the expired rent. (Hint. Part of the rent was paid in Year 1.) 12. Recorded supplies expense. A physical count showed that $750 of supplies were still on hand. Problem 13-34A (Algo) Part a Required a. Record the events and adjusting entries for Year 1 in general journal form. (Do not round intermediate calculations. If no entry is IONITION RAL
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Topic Video
Question
![1. Paid $3,600 cash for the salaries accrued at the end of the prior accounting period.
2. Performed services for cash of $33,000.
3. Purchased $3,400 of supplies on account.
4. Paid $12,300 cash in advance for rent. The payment was for one year beginning April 1, Year 2.
5. Performed services for customers on account for $100,000.
6. Incurred operating expenses on account of $47,500.
7. Collected $95,000 cash from accounts receivable.
8. Paid $45,000 cash as a partial payment on accounts payable.
9. Paid $32,100 cash for salary expense.
10. Paid a $15,000 cash dividend to stockholders.
Adjusting Entries
11. Made the adjusting entry for the expired rent. (Hint. Part of the rent was paid in Year 1.)
12. Recorded supplies expense. A physical count showed that $750 of supplies were still on hand.
Problem 13-34A (Algo) Part a
Required
a. Record the events and adjusting entries for Year 1 in general journal form. (Do not round intermediate calculations. If no entry is
الداء](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feff205c0-99af-4269-a668-c87700027b1b%2F62fde374-672a-47e4-9519-8a8bd03ff0b9%2Fe958mfq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1. Paid $3,600 cash for the salaries accrued at the end of the prior accounting period.
2. Performed services for cash of $33,000.
3. Purchased $3,400 of supplies on account.
4. Paid $12,300 cash in advance for rent. The payment was for one year beginning April 1, Year 2.
5. Performed services for customers on account for $100,000.
6. Incurred operating expenses on account of $47,500.
7. Collected $95,000 cash from accounts receivable.
8. Paid $45,000 cash as a partial payment on accounts payable.
9. Paid $32,100 cash for salary expense.
10. Paid a $15,000 cash dividend to stockholders.
Adjusting Entries
11. Made the adjusting entry for the expired rent. (Hint. Part of the rent was paid in Year 1.)
12. Recorded supplies expense. A physical count showed that $750 of supplies were still on hand.
Problem 13-34A (Algo) Part a
Required
a. Record the events and adjusting entries for Year 1 in general journal form. (Do not round intermediate calculations. If no entry is
الداء
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