Instructions Chart of Accounts Journal The estimated amount of depreciation on CHART OF ACCOUNTS Journalize the aduating.ento to record the depreciation on December 31. Refer to the chart of accounts for the exact woding of the account tes CNOWjournals do not use lines for equipment for the current year is $8.255. journal explanations Every line on a journal page is used for debit or credit entries CNOW journals wil automatically indent a credit entry when a credit amount is entered General Ledger Journalize the adtustioa.ent to record the depreciation Refer to the chart of accounts for the ASSETS REVENUE PAGE 10 exact wording of the account sbes. CNOVW journals 11 Cash JOURNAL ACCOUNTING EQUATION 41 Fees Earned do not use lines for journal explanations. Every ine 12 Accounts Receivable DATE DESCRIPTION POST. RER DEBIT CREDIT ASSETS LUABLITES EQUITY on a journal page is used for debit or credit entries. 13 Supplies EXPENSES Adjesting Entries CNOW journals w automatically indent a credit 14 Prepaid insurance 51 Advertising Expense entry when a credit amount is entered 15 Land 52 Insurance Expense 16 Equipment 53 Rent Expense 17 Acoumulated Depreciation-Equipment 54 Salary Expense 55 Supplies Expense LIABILITIES 56 Usines Expense 21 Accounts Payable 57 Depreciation Expense 22 Uneamed Fees 59 Miscellaneous Expense 23 Salaries Payable 24 Tases Payable EQUITY 31 Common Stock 32 Retained Eanings 33 DMdends

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Instructions
Chart of Accounts
Journal
The estimated amount of depreciation on
CHART OF ACCOUNTS
Journalize the adjusting entry to record the depreciation on December 31. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for
equipment for the current year is $8,255.
journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
General Ledger
Journalize the adjusting entry to record the
depreciation. Refer to the chart of accounts for the
ASSETS
REVENUE
PAGE 10
exact wording of the account titles. CNOW journals
11 Cash
41 Fees Earned
JOURNAL
ACCOUNTING EQUATION
do not use lines for journal explanations. Every line
12 Accounts Receivable
DATE
DESCRIPTION
POST. REF.
DEBIT
CREDIT
ASSETS
LIABILITIES
EQUITY
on a journal page is used for debit or credit entries.
13 Supplies
EXPENSES
Adjusting Entries
CNOW journals will automatically indent a credit
14 Prepaid Insurance
51 Advertising Expense
2
entry when a credit amount is entered.
15 Land
52 Insurance Expense
3
16 Equipment
53 Rent Expense
17 Accumulated Depreciation-Equipment
54 Salary Expense
55 Supplies Expense
LIABILITIES
56 Utilities Expense
21 Accounts Payable
57 Depreciation Expense
22 Unearned Fees
59 Miscellaneous Expense
23 Salaries Payable
24 Taxes Payable
EQUITY
31 Common Stock
32 Retained Earnings
33 Dividends
Transcribed Image Text:Instructions Chart of Accounts Journal The estimated amount of depreciation on CHART OF ACCOUNTS Journalize the adjusting entry to record the depreciation on December 31. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for equipment for the current year is $8,255. journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. General Ledger Journalize the adjusting entry to record the depreciation. Refer to the chart of accounts for the ASSETS REVENUE PAGE 10 exact wording of the account titles. CNOW journals 11 Cash 41 Fees Earned JOURNAL ACCOUNTING EQUATION do not use lines for journal explanations. Every line 12 Accounts Receivable DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY on a journal page is used for debit or credit entries. 13 Supplies EXPENSES Adjusting Entries CNOW journals will automatically indent a credit 14 Prepaid Insurance 51 Advertising Expense 2 entry when a credit amount is entered. 15 Land 52 Insurance Expense 3 16 Equipment 53 Rent Expense 17 Accumulated Depreciation-Equipment 54 Salary Expense 55 Supplies Expense LIABILITIES 56 Utilities Expense 21 Accounts Payable 57 Depreciation Expense 22 Unearned Fees 59 Miscellaneous Expense 23 Salaries Payable 24 Taxes Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends
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