Adjusting entries required

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Adjusting entries required

Debit
$ 1,390
3,600
Credit
Cash
Accounts Receivable
Prepaid Insurance
Notes Receivable (long-term)
Equipment
Accumulated Depreciation
Accounts Payable
Salaries and Wages Payable
Income Taxes Payable
Deferred Revenue
Common Stock
Retained Earnings
Dividends
Sales Revenue
3,900
4,600
20,000
$ 5,800
7,020
1,800
4,500
920
4,000
1,640
460
56,430
460
Rent Revenue
Salaries and yages Expense
Depreciation kxpense
Utilities Expense
Insurance Expense
Rent Expense
Income Tax Expense
24,800
2,900
5,820
3,000
7,600
4,500
Total
$82,570
$82,570
Transcribed Image Text:Debit $ 1,390 3,600 Credit Cash Accounts Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Deferred Revenue Common Stock Retained Earnings Dividends Sales Revenue 3,900 4,600 20,000 $ 5,800 7,020 1,800 4,500 920 4,000 1,640 460 56,430 460 Rent Revenue Salaries and yages Expense Depreciation kxpense Utilities Expense Insurance Expense Rent Expense Income Tax Expense 24,800 2,900 5,820 3,000 7,600 4,500 Total $82,570 $82,570
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