54 56 57 52 53 55 51 50 47 48 49 41 42 43 44 45 46 40 39 36 37 38 31 32 355 33 34 16 17 18 15 13 14 10 12 11 Date 1/31/2023 1/31/2023 1/31/2023 T-4 1/31/2023 T-9 T-3 1/31/2023 T-4 1/31/2023 T-2 1/31/2023 Rent Expense T-7 1/31/2023 1/31/2023 osts on one single line for each Debit or Credit entered T- Transaction Reference $ Debit Entry $ Credit Entry Account Name Received a $1.000 bill for utilities consumed in January that will be paid in February. Record the adjusting entry. Company employees earn $8,000 in salaries in the second half of January to be paid in February, Record the adjusting entry. Record one month of depreciation on the building and the equipment. 330,000-60,000-270,000 270,000/300 mo $900 12,000/48 months -$250 per month depreciation Depreciation Expense Accumulated Expense One month of pre-paid rent from 1/1/2023 has expired 9,000/12-$750 Prepaid Rent $500 of supplies remain in supplies inventory at the end of January. Record the adjusting entry 3,500 - 500-$3,000 Supplies Expense Supplies Accrue one month of interest expense on the note related to the building loan on 1/1/2023. 300,000 * .06 18,000 18,000/12=$1,500 = Performed $10,000 of the service pre-paid for on January 18th. Record the adjusting entry. Accrue $4,000 of services that were provided to a customer in January but not recorded Record the adjusting entry. Bank statement shows a check received on account from a customer for $300 on 1/28/2023 was returned as NSF. Record the adjusting entry.
54 56 57 52 53 55 51 50 47 48 49 41 42 43 44 45 46 40 39 36 37 38 31 32 355 33 34 16 17 18 15 13 14 10 12 11 Date 1/31/2023 1/31/2023 1/31/2023 T-4 1/31/2023 T-9 T-3 1/31/2023 T-4 1/31/2023 T-2 1/31/2023 Rent Expense T-7 1/31/2023 1/31/2023 osts on one single line for each Debit or Credit entered T- Transaction Reference $ Debit Entry $ Credit Entry Account Name Received a $1.000 bill for utilities consumed in January that will be paid in February. Record the adjusting entry. Company employees earn $8,000 in salaries in the second half of January to be paid in February, Record the adjusting entry. Record one month of depreciation on the building and the equipment. 330,000-60,000-270,000 270,000/300 mo $900 12,000/48 months -$250 per month depreciation Depreciation Expense Accumulated Expense One month of pre-paid rent from 1/1/2023 has expired 9,000/12-$750 Prepaid Rent $500 of supplies remain in supplies inventory at the end of January. Record the adjusting entry 3,500 - 500-$3,000 Supplies Expense Supplies Accrue one month of interest expense on the note related to the building loan on 1/1/2023. 300,000 * .06 18,000 18,000/12=$1,500 = Performed $10,000 of the service pre-paid for on January 18th. Record the adjusting entry. Accrue $4,000 of services that were provided to a customer in January but not recorded Record the adjusting entry. Bank statement shows a check received on account from a customer for $300 on 1/28/2023 was returned as NSF. Record the adjusting entry.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Fill in the blanks please
Transcribed Image Text:56
57
54
55
53
51
52
49
50
47
48
46
44
45
42
40
41
43
39
38
36
37
31
32
33
34
35
18
17
15
16
13
14
12
#
10
11
Date
1/31/2023
1/31/2023
1/31/2023
T-4
1/31/2023
T-2
1/31/2023
T-3
1/31/2023
T-4
T-9
1/31/2023
T-7
1/31/2023
1/31/2023
E
posts on one single line for each Debit or Credit entered T= Transaction Reference
$ Debit Entry
$ Credit Entry
Account Name
Received a $1.000 bill for utilities consumed in January that will be paid in February. Record the
adjusting entry.
Company employees earn $8,000 in salaries in the second half of January to be paid in February. Record
the adjusting entry.
Record one month of depreciation on the building and the equipment. 330,000-60,000-270,000
270,000/300 mo- $900 12,000/48 months -$250 per month depreciation
Depreciation Expense
Accumulated Expense
One month of pre-paid rent from 1/1/2023 has expired 9,000/12-$750
Rent Expense
Prepaid Rent
$500 of supplies remain in supplies inventory at the end of January.
Record the adjusting entry 3,500 - 500-$3,000
Supplies Expense
Supplies
Accrue one month of interest expense on the note related to the building loan on 1/1/2023. 300,000 *
.06 = 18,000 18,000/12=$1,500
Performed $10,000 of the service pre-paid for on January 18th. Record the adjusting entry.
Accrue $4,000 of services that were provided to a customer in January but not recorded Record the
adjusting entry.
Bank statement shows a check received on account from a customer for $300 on 1/28/2023 was returned
as NSF. Record the adjusting entry.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education