PB13. LO 4.3 Prepare adjusting journal entries, as needed, considering the account balances excerpted fromthe unadjusted trial balance and the adjustment data.Unadjusted Trial BalanceDebitCredit250,00056,000Buildings and equipmentAccumulated depreciationPrepaid advertisingUnearned rental revenueInterest payable6,4008,9003,500A. depreciation on buildings and equipment, $17,500B. advertising still prepaid at year end, $2,200C. interest due on notes payable, $4,300D.unearned rental revenue, $6,900E. interest receivable on notes receivable, $1,200

The adjustment entries are prepared to adjust the revenue and expenses of the current period.

PB13. LO 4.3 Prepare adjusting journal entries, as needed, considering the account balances excerpted from the unadjusted trial balance and the adjustment data. Unadjusted Trial Balance Debit Credit 250,000 Buildings and equipment Accumulated depreciation Prepaid advertising 56,000 6,400 8,900 Unearned rental revenue Interest payable 3,500 A. depreciation on buildings and equipment, $17,500 B. advertising still prepaid at year end, $2,200 C. interest due on notes payable, $4,300 D. unearned rental revenue, $6,900 E. interest receivable on notes receivable, $1,200

PB13. LO 4.3 Prepare adjusting journal entries, as needed, considering the account balances excerpted from the unadjusted trial balance and the adjustment data. Unadjusted Trial Balance Debit Credit 250,000 Buildings and equipment Accumulated depreciation Prepaid advertising 56,000 6,400 8,900 Unearned rental revenue Interest payable 3,500 A. depreciation on buildings and equipment, $17,500 B. advertising still prepaid at year end, $2,200 C. interest due on notes payable, $4,300 D. unearned rental revenue, $6,900 E. interest receivable on notes receivable, $1,200

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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