Horngren's Accounting
11th Edition
ISBN: 9780133851151
Author: MILLER-NOBLES, Tracie L., Mattison, Brenda., Matsumura, Ella Mae, Horngren, Charles T.
Publisher: Pearson,
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Chapter 3, Problem E3.24E
Journalizing
rhe accounting records of Galvin Architects include the following selected, tdjusted balances at March 31:
- Service revenue accrued, $600,
- Unearned revenue that has been earned, $100.
- Office Supplies on hand, $500.
- Salaries owed to employees, $300.
- One month of prepaid rent has expired, $500.
- Depreciation on equipment, $135.
Requirements
- Open a T-account for each account using the unadjusted balances given.
- Journalize the adjusting entries using the letter and March 31 date in the date column.
- Post the adjustments to the I-accounts, entering each adjustment by letter. Show each accounts adjusted balance.
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Chapter 3 Solutions
Horngren's Accounting
Ch. 3 - Prob. 1QCCh. 3 - Get Fit Now gains a client who prepays S540 for a...Ch. 3 - The revenue recognition principle requires...Ch. 3 - Adjusting the accounts is the process of Learning...Ch. 3 - Which of the following is an example of a deferral...Ch. 3 - Assume that the weekly payroll of In the Woods...Ch. 3 - Prob. 7QCCh. 3 - A equity overstated income statement: expense...Ch. 3 - A worksheet Learning Objective 6 is a journal used...Ch. 3 - On February 1, Clovis Wilson Law Firm contracted...
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