QUESTION#03:prepare Adjusting entries of the following transactions for month september. 1.xyz company pay salary to his staff at 10th date of each month but in this month salary not paid to staff for $120,000. 2.xyz company paid rent expenses for 12000 per year in advance and per month rent is $1000. 3.xyz company have revenue receivable for $140,000 in this month. 4.xyz company sign an agreement with ABC company for receiving 10% commission of sales. 5.xyz company paid $2000 depreciation expenses of furniture in this month.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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QUESTION#03:prepare Adjusting entries of the following transactions for month
september.
1.xyz company pay salary to his staff at 10th date of each month but in this month salary
not paid to staff for $120,000.
2.xyz company paid rent expenses for 12000 per year in advance and per month rent is
$1000.
3.xyz company have revenue receivable for $140,000 in this month.
4.xyz company sign an agreement with ABC company for receiving 10% commission of
sales.
5.xyz company paid $2000 depreciation expenses of furniture in this month.
Transcribed Image Text:QUESTION#03:prepare Adjusting entries of the following transactions for month september. 1.xyz company pay salary to his staff at 10th date of each month but in this month salary not paid to staff for $120,000. 2.xyz company paid rent expenses for 12000 per year in advance and per month rent is $1000. 3.xyz company have revenue receivable for $140,000 in this month. 4.xyz company sign an agreement with ABC company for receiving 10% commission of sales. 5.xyz company paid $2000 depreciation expenses of furniture in this month.
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