Tableau DA 3-2: Exercise, Preparing adjusting entries LO P1, P2, P3, P4 Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Selected December-January Transactions Started Work for Telo Finished Work for Telo Dec. 31 Year-End Purchased Insurance Dec 1 Dec 13 Jan 12 Dec 7 (Dec 24) Jan 5 December 24 Received $4,000 cash in advance to perform work for ABX over the next four weeks. Purchased Supplies Wages Paid Received Cash in Advance Lan 12 Dec 24) Jan 5 January 5 Paid wages of $800 cash to workers Wages Earned By Workers but not yet Paid at Year-End Wages Earned By Workers but not yet Paid at Year-End: $500 1 Record the cash payment of wages assuming no reversing entries are recorded Note: Enter debits before credits. Date General Journal Debit Credit Wages expense Wages payable Jan 05
Tableau DA 3-2: Exercise, Preparing adjusting entries LO P1, P2, P3, P4 Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Selected December-January Transactions Started Work for Telo Finished Work for Telo Dec. 31 Year-End Purchased Insurance Dec 1 Dec 13 Jan 12 Dec 7 (Dec 24) Jan 5 December 24 Received $4,000 cash in advance to perform work for ABX over the next four weeks. Purchased Supplies Wages Paid Received Cash in Advance Lan 12 Dec 24) Jan 5 January 5 Paid wages of $800 cash to workers Wages Earned By Workers but not yet Paid at Year-End Wages Earned By Workers but not yet Paid at Year-End: $500 1 Record the cash payment of wages assuming no reversing entries are recorded Note: Enter debits before credits. Date General Journal Debit Credit Wages expense Wages payable Jan 05
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Tableau DA 3-2: Exercise, Preparing adjusting entries LO P1, P2, P3, P4
Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its
year-end adjustments. The Tableau dashboard is provided to assist in the work.
Selected December-January Transactions
Started Work for Telo
Finished Work for Telo
Dec. 31 Year-End
Purchased Insurance
Dec 1
Dec 13
Jan 12
Dec 7
(Dec 24)
Jan 5
December 24
Received $4,000 cash in advance to perform work for ABX over the next four weeks.
Purchased Supplies
Wages Paid
Received Cash in Advance
Lan 12
Dec 24)
Jan 5
January 5
Paid wages of $800 cash to workers

Transcribed Image Text:Wages Earned By Workers but not yet Paid at
Year-End
Wages Earned By Workers but not yet Paid at Year-End: $500
1
Record the cash payment of wages assuming no reversing entries are
recorded
Note: Enter debits before credits.
Date
General Journal
Debit
Credit
Wages expense
Wages payable
Jan 05
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