What are the 5 pairs fromthe list above that needs adjustments? And what amounts are with each adjustment? Pl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/questiass #1 iSavedHelpSave & E:ChecRequired information[The following information applies to the questions displayed below.]Golf Academy, Inc., provides private golf lessons. Its unadjusted trial balance at December 31, 2018, follows, along withinformation about selected accounts.Account NamesDebitCreditFurther InformationCash$31,900As reported on December 31 bank statement.Based on count, only $200 of supplies still exist.Of this amount, $3,000 was received for December lessonsand $500 for January lessons.Employees were paid $1,000 for 10 days of work throughDecember 28. They have not yet been paidi for work onSuppliesDeferred Revenue600$ 3,500Salaries and Wages payableDecember 29 and 30.Income Tax PayableThe company has paid last year'syear's tax.The company has not paid the $100 of interest owed on itsnotes payable for the current period.Thisincometax but not thisInterest PayableNotes Payable (long-term)Common Stock12,000one-year note was taken out this year on December 1.amount was contributed for common stock in prior1,000ThisuP STUTyears.Retained EarningsService Revenue3,00051,500This is the balance reported at the end of last year.Most customers pay cash for lessonsprovided, but some customers pay in advance.Employees worked through December 30, but did not work onDecember 31.eachtime they areSalaries and Wages Expense36,100Supplies ExpenseInterest Expense2,400This is the cost of supplies used through November 30.The company has not paid the $100 of interest owed on itsnotes payable for the current period.The company has an average tax rate of 30%.Income Tax ExpenseTotals$71,000$71,0002 Namn the fiun naire of halancnhoot and incomn statemont accounte that roguirn adiuctmont and indicatn the amount ofPrey1 of 2Next >W29 $71,0002.5points2. Name the five pairs of balance sheet and income statement accounts that require adjustment and indicate the amount ofadjustment for each pair.eBookPrintReferencesAdj.Balance sheet accountRelated income statement accountAmount(1)SuppliesSupplies Expense$200(2)Deferred Revenue(3)(4)(5)McGrawHillPrev1 of 2Next >EducationJAN29W

Income tax expense expenses in the profit or loss account typically consists of: Current tax Under…

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Business

Accounting

What are the 5 pairs from the list above that needs adjustments? And what amounts are with each adjustment?

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter11: Work Sheet And Adjusting Entries

Section: Chapter Questions

Problem 1E: For the university football programs Unearned Season Tickets account, list the debits and credits...

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My first question is...are my general journal entries correct? Second question is...What number would be the warrant revenue for year 1? Please see attachments, Thank you!
A moodle.jamessprunt.edu/mod/quiz/attempt.php?attempt3D473287&cmid%3D605671&page%3D10 CC JSCC Homepage - Tech Support Student Toolbox JSCC Bookstore English (United States) (en_us) - For each account below, indicate the normal balance of the account. Notes Payable (due in 5 years) =21 Choose. tion Advertising Expense Choose., Cash Choose. J. Smith, Capital Choose. Accumulated Depreciation Choose. J. Smith, Drawing Choose. Rent Revenue Choose. Land Choose. Sales Choose. Mortgage Payable Choose. Interest Expense Choose. Merchandise Inventory Choose. Depreciation Expense - Office Building Choose. Accounts Payable Choose. Depreciation Expense - Store Choose. Customer Refunds Payable Choose. Freight Out Choose. Accounts Receivable Choose. Office Supplies Expense Choose. Unearned Rent Choose. : Prepaid Insurance Choose.. Type here to search hp 立

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zto.mheducation.com/ext/map/index.html?_con=con&external_browser Saved Help Save & Exit Required information Use the following information for the Exercises 12-13 below. (Algo) [The following information applies to the questions displayed below.] of 2 Del Gato Clinic's cash account shows an $15,472 debit balance and its bank statement shows $16,254 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $3,069. b. The June 30 bank statement lists a $35 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $389 in payment of a utility bill on June 15. Del Gato Clinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $398. d. The June 30 cash receipts of $2,261 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. 3251 ok Exercise 6-13 (Algo) Entries from bank reconciliation LO P3 Prepare any necessary…
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A v2.cengagenow.com da EXCHANGE PASSWORD REQUIRED 1 FA2021 - Fina... X CengageNOWv2 | Online teaching and learning reso. 11m O https://www.toolingu.com/Ims/contentplayer/?corpo. Enter your password for "hjmolin" in Internet Accounts. еВook Show Me How Note Payable and Accrued Interest Fairborne Company borrowed $600,000 on an 8%, interest-bearing note on October 1, 2023. Fairborne ends its fiscal year on December 31. The note was paid with interest on May 1, 2024. Required: 1. Prepare the entry for this note on October 1, 2023. If an amount box does not require an entry, leave it blank. 2023 Oct. 1 Cash Notes Payable (Record issuance of note) Feedback 2. Prepare the adjusting entry for this note on December 31, 2023. If an amount box does not require an entry, leave it blank. 2023 Dec. 31 Interest Expense Interest Payable (Record accrued interest) Feedback 3. Indicate how the note and the accrued interest would appear in the balance sheet at December 31, 2023. Among the current…
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I want the post closing trial balance and general journal for debit and credit
Exercise 9-3 On January 1, 2020, Swifty Limited paid $561,003.30 for 10% bonds with a maturity value of $540,000. The bonds provide the bondholders with a 9% yield. They are dated January 1, 2020, and mature on January 1, 2025, with interest receivable on December 31 of each year. Swifty accounts for the bonds using the amortized cost approach, applies ASPE using the effective interest method, and has a December 31 year end. Prepare the journal entry to record the bond purchase. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 2 decimal places, e.g. 52.75.) Date Account Titles and Explanation Debit Credit Jan 1, 2020 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO Prepare a bond amortization schedule. (Round answers to 2 decimal places, e.g. 52.75.) Schedule of Interest Income and Bond Premium Amortization Effective…
- v2.cengagenow.com E CengageNOWv2 | Online teaching and learning reso.. O EXCHANGE PASSWORD REQUIRED ina... 13m O https://www.toolingu.com/Ims/contentplayer/?corpo... Enter your password for "hjmolin" in Internet Accounts. eBook Accounts Payable On June 18, Stanton Electronics purchased, on credit, 1,700 TV sets for $525 each. Stanton plans to resell these TVs in its store. Stanton paid the supplier on July 31. Required: Prepare the necessary journal entry (or entries) on June 18 and July 31. If an amount box does not require an entry, leave it blank. 88 June 18 Inventory Accounts Payable (Record purchase of inventory on credit) 88 July 31 Accounts Payable Cash (Record payment to supplier) Feedback V Check My Work Record purchase of inventory on account. Record payment of accounts payable.
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