The following information is available for Callaho Inc. on June 30 for the year just ended. a. The yearly depreciation on the building is $900. b. Unrecorded and uncollected consulting fees at the end of the year were $5,750. c. $1,900 of the television advertising paid for in advance has been used. d. $4,100 of the $7,600 consulting fees paid to Callaho Inc. in advance has not yet been earned. e. Interest of $1,730 has accrued on a note payable but is unrecorded. Prepare the required adjusting entries at June 30, 2019. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15 would be 15/Jan). General Journal Page G8 Account/Explanation PR Debit Credit Date

The following information is available for Callaho Inc. on June 30 for the year just ended. a. The yearly depreciation on the building is $900. b. Unrecorded and uncollected consulting fees at the end of the year were $5,750. c. $1,900 of the television advertising paid for in advance has been used. d. $4,100 of the $7,600 consulting fees paid to Callaho Inc. in advance has not yet been earned. e. Interest of $1,730 has accrued on a note payable but is unrecorded. Prepare the required adjusting entries at June 30, 2019. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15 would be 15/Jan). General Journal Page G8 Account/Explanation PR Debit Credit Date

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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