Required: QA.1) Formulate five adjustments (with special attention to dates and months) and journalise the adjusting entries in Excel. Choose five adjustments for the unadjusted trial balance. Ensure that these adjustments vary from each other and cover a range of transaction types. Examples of different types of adjustments include accrued service revenue, depreciation, accrued salary expense, expired prepaid rent, supplies used, and unearned revenue. Before making the adjusting entries in A. Q1 (page 3), provide the details of each adjustment. After detailing the adjustments, prepare the adjusting entries (formulas are not required). Model E3 - 6 Lei Company accumulates the following adjustment data at December 31. Services performed but not recorded total $1,000. Supplies of $300 have been used. Utility expenses of $225 are unpaid. Services related to unearned service revenue of $260 were performed. Salaries of $800 are unpaid. Prepaid insurance totaling $350 has expired.
Required: QA.1) Formulate five adjustments (with special attention to dates and months) and journalise the adjusting entries in Excel. Choose five adjustments for the unadjusted trial balance. Ensure that these adjustments vary from each other and cover a range of transaction types. Examples of different types of adjustments include accrued service revenue, depreciation, accrued salary expense, expired prepaid rent, supplies used, and unearned revenue. Before making the adjusting entries in A. Q1 (page 3), provide the details of each adjustment. After detailing the adjustments, prepare the adjusting entries (formulas are not required). Model E3 - 6 Lei Company accumulates the following adjustment data at December 31. Services performed but not recorded total $1,000. Supplies of $300 have been used. Utility expenses of $225 are unpaid. Services related to unearned service revenue of $260 were performed. Salaries of $800 are unpaid. Prepaid insurance totaling $350 has expired.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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not use ai please
Transcribed Image Text:Required:
QA.1) Formulate five adjustments (with special attention to dates and months) and journalise the adjusting entries in Excel.
Choose five adjustments for the unadjusted trial balance.
Ensure that these adjustments vary from each other and cover a range of transaction types.
Examples of different types of adjustments include accrued service revenue, depreciation, accrued salary expense, expired prepaid rent,
supplies used, and unearned revenue.
Before making the adjusting entries in A. Q1 (page 3), provide the details of each adjustment.
After detailing the adjustments, prepare the adjusting entries (formulas are not required).
Model
E3 - 6 Lei Company accumulates the following adjustment data at December 31.
Services performed but not recorded total $1,000.
Supplies of $300 have been used.
Utility expenses of $225 are unpaid.
Services related to unearned service revenue of $260 were performed.
Salaries of $800 are unpaid.
Prepaid insurance totaling $350 has expired.
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