Homework Help is Here – Start Your Trial Now!
Business
Accounting
Elevance Health Unadjusted Trial Balance December 31, 2023 Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Utilities Expense Debits Credits $15,680 4,900 1,700 33,600 20,000 6,300 $2,000 2,700 3,900 14,400 10,500 127,890 77,000 1,300 910 $161,390 $161,390 Additional Information: a) The equipment was purchased on January 1, 2022. The useful life is estimated to be 10 years. b) As of December 31, 2023, the Company had accrued salaries of $1,330 c) of the balance in the Unearned Revenue account, $700 had not been earned by year-end. d) A count of supplies on December 31, 2023 showed $560 of supplies had been used during the year. e) On May 1, 2023, the Company rented an office building for one year and paid $33,600 in cash.

Elevance Health Unadjusted Trial Balance December 31, 2023 Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Utilities Expense Debits Credits $15,680 4,900 1,700 33,600 20,000 6,300 $2,000 2,700 3,900 14,400 10,500 127,890 77,000 1,300 910 $161,390 $161,390 Additional Information: a) The equipment was purchased on January 1, 2022. The useful life is estimated to be 10 years. b) As of December 31, 2023, the Company had accrued salaries of $1,330 c) of the balance in the Unearned Revenue account, $700 had not been earned by year-end. d) A count of supplies on December 31, 2023 showed $560 of supplies had been used during the year. e) On May 1, 2023, the Company rented an office building for one year and paid $33,600 in cash.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
The adjusting entry to record (e) above is: Select one: a. Rent Expense Prepaid Rent b. Prepaid Rent Rent Expense C. d. Rent Expense 33,600 Prepaid Rent e. Debit Credit 22,400 Rent Expense Debit Credit 22,400 Rent Expense 22,400 Cash Prepaid Rent 22,400 Debit Credit 22,400 Debit Credit 33,600 22,400 Debit Credit 11,200 11,200
Transcribed Image Text:The adjusting entry to record (e) above is: Select one: a. Rent Expense Prepaid Rent b. Prepaid Rent Rent Expense C. d. Rent Expense 33,600 Prepaid Rent e. Debit Credit 22,400 Rent Expense Debit Credit 22,400 Rent Expense 22,400 Cash Prepaid Rent 22,400 Debit Credit 22,400 Debit Credit 33,600 22,400 Debit Credit 11,200 11,200
Elevance Health Unadjusted Trial Balance December 31, 2023 Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Utilities Expense Debits Credits $15,680 4,900 1,700 33,600 20,000 6,300 $2,000 2,700 3,900 14,400 10,500 127,890 77,000 1,300 910 $161,390 $161,390 Additional Information: a) The equipment was purchased on January 1, 2022. The useful life is estimated to be 10 years. b) As of December 31, 2023, the Company had accrued salaries of $1,330 c) of the balance in the Unearned Revenue account, $700 had not been earned by year-end. d) A count of supplies on December 31, 2023 showed $560 of supplies had been used during the year. e) On May 1, 2023, the Company rented an office building for one year and paid $33,600 in cash.
Transcribed Image Text:Elevance Health Unadjusted Trial Balance December 31, 2023 Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Utilities Expense Debits Credits $15,680 4,900 1,700 33,600 20,000 6,300 $2,000 2,700 3,900 14,400 10,500 127,890 77,000 1,300 910 $161,390 $161,390 Additional Information: a) The equipment was purchased on January 1, 2022. The useful life is estimated to be 10 years. b) As of December 31, 2023, the Company had accrued salaries of $1,330 c) of the balance in the Unearned Revenue account, $700 had not been earned by year-end. d) A count of supplies on December 31, 2023 showed $560 of supplies had been used during the year. e) On May 1, 2023, the Company rented an office building for one year and paid $33,600 in cash.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS