Homework Help is Here – Start Your Trial Now!
Business
Accounting
Advertising Expense Utilities Expenses Maintenance and Repairs Expense Delivery Expense Rent Expense Totals djustment data: 27,600 15,440 12,100 16,700 25,200 $1,002,280 $1,002,280 1. Supplies on hand totaled $4,830. 2. Depreciation is $16,800 on the equipment. 3. Interest of $11,360 is accrued on notes payable at November 30.

Advertising Expense Utilities Expenses Maintenance and Repairs Expense Delivery Expense Rent Expense Totals djustment data: 27,600 15,440 12,100 16,700 25,200 $1,002,280 $1,002,280 1. Supplies on hand totaled $4,830. 2. Depreciation is $16,800 on the equipment. 3. Interest of $11,360 is accrued on notes payable at November 30.

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter11: Work Sheet And Adjusting Entries
Section: Chapter Questions
Problem 1PA: The trial balance of Hadden Company as of December 31, the end of its current fiscal year, is as...
See similar textbooks
icon
Related questions
Question

Journalize the adjusting entries

     
     
     
     
     
     
Advertising Expense Utilities Expenses Maintenance and Repairs Expense Delivery Expense Rent Expense Totals Adjustment data: 1. Supplies on hand totaled $4,830. 2. 3. Other data: 1. 2. 3. 4. 27,600 15,440 12,100 16,700 25,200 $1,002,280 $1,002,280 Depreciation is $16,800 on the equipment. Interest of $11,360 is accrued on notes payable at November 30. Salaries expense is 70% selling and 30% administrative. Rent expense and utilities expenses are 80% selling and 20% administrative. $30,000 of notes payable are due for payment next year. Maintenance and repairs expense is 100% administrative.
Transcribed Image Text:Advertising Expense Utilities Expenses Maintenance and Repairs Expense Delivery Expense Rent Expense Totals Adjustment data: 1. Supplies on hand totaled $4,830. 2. 3. Other data: 1. 2. 3. 4. 27,600 15,440 12,100 16,700 25,200 $1,002,280 $1,002,280 Depreciation is $16,800 on the equipment. Interest of $11,360 is accrued on notes payable at November 30. Salaries expense is 70% selling and 30% administrative. Rent expense and utilities expenses are 80% selling and 20% administrative. $30,000 of notes payable are due for payment next year. Maintenance and repairs expense is 100% administrative.
The trial balance of Coronado Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. CORONADO FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2020 Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense Debit $33,230 37,030 48,330 8,830 139,660 4,200 495,400 138,560 27,600 Credit $26,400 54,330 51,830 93,330 11,330 765,060
Transcribed Image Text:The trial balance of Coronado Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. CORONADO FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2020 Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense Debit $33,230 37,030 48,330 8,830 139,660 4,200 495,400 138,560 27,600 Credit $26,400 54,330 51,830 93,330 11,330 765,060
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Financial Reporting in Hyperinflationary Economies
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.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
College Accounting, Chapters 1-27 (New in Account…
College Accounting, Chapters 1-27 (New in Account…
Accounting
ISBN:
9781305666160
Author:
James A. Heintz, Robert W. Parry
Publisher:
Cengage Learning
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781305084087
Author:
Cathy J. Scott
Publisher:
Cengage Learning
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
SEE MORE TEXTBOOKS