The unadjusted trial balance of Sunland Co. on June 30, 2024, includes the following selected accounts:SUNLAND CO.Trial Balance (Selected Accounts)June 30, 2024SuppliesPrepaid insuranceEquipmentAccumulated depreciation-equipmentUnearned revenueDebit$5600320048600Credit$486019000 An analysis of the accounts shows that one-quarter of services related to the unearned revenue was performed in June 2024. Whichof the following reflects the adjusting entry for the month of June?Unearned RevenueRevenueRevenueUnearned RevenueUnearned RevenueRevenueUnearned RevenueRevenue190004750142504750190004750142504750

Name: The unadjusted trial balance of Sunland Co. on June 30, 2024, include
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Description: The unadjusted trial balance of Sunland Co. on June 30, 2024, includes the following selected accounts:SUNLAND CO.Trial Balance (Selected Accounts)June 30, 2024SuppliesPrepaid insuranceEquipmentAccumulated depreciation-equipmentUnearned revenueDebit

Unearned revenue is money a company receives upfront for services or products it hasn't delivered…

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The unadjusted trial balance of Sunland Co. on June 30, 2024, includes the following selected accounts: SUNLAND CO. Trial Balance (Selected Accounts) June 30, 2024 Supplies Prepaid insurance Equipment Accumulated depreciation-equipment Unearned revenue Debit $5600 3200 48600 Credit $4860 19000

The unadjusted trial balance of Sunland Co. on June 30, 2024, includes the following selected accounts: SUNLAND CO. Trial Balance (Selected Accounts) June 30, 2024 Supplies Prepaid insurance Equipment Accumulated depreciation-equipment Unearned revenue Debit $5600 3200 48600 Credit $4860 19000

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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Subject/Course: Financial Accounting.
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Baltic Supplies presented with the following unadjusted trial balance as at December 31st 2016 Account Name Trial Balance Dr Cr Cash 620000 Accounts Receivable 410000 Merchandise Inventory 330000 Store Supplies 144800 Prepaid Insurance 156000 Building and Equipment 800000 Accumulated Depreciation-Building &Equipment 237000 Accounts Payable 435000 Travelling payable Unearned Sales Revenue 220000 Note payable - Long term 345000 Baltic, Captial 1791900 Baltic,Withdrawal 35000 Sales Revenue Earned 917000 Sales Discount 35000 Sales Returns & Allowance 42100 Cost of Goods Sold 585000 Salaries Expense 300000 Telephone Expense 33000 Depreciation Expense - Building & Equipment Insurance Expense 182000 Store Supplies Expense 45200 Electricity Expense 85000 Bad Debt Expense 49500 Travelling Expense 62000 Interest Expense 31300 Total 3945900 3945900…
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