Horngren's Accounting, Student Value Edition (12th Edition)

12th Edition

ISBN: 9780134487151

Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura

Publisher: PEARSON

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Textbook Question

Chapter 4, Problem P4A.40BPGB

Preparing adjusting entries and reversing entries

Learning Objectives 7 Appendix 4A 6

The unadjusted trial balance and adjustment data of Myla's Motors at December 31, 2018, follow:

Chapter 4, Problem P4A.40BPGB, Preparing adjusting entries and reversing entries Learning Objectives 7 Appendix 4A 6 The unadjusted

Adjustment data at December 31, 2018:

Depreciation on equipment, $1,700.
Accrued Wages Expense, $1,300.
Office Supplies on hand, $400.
Prepaid Insurance expired during December, $250.
Unearned Revenue earned during December, 54,200.
Accrued Service Revenue, $1,000.

2019 transactions:

On January 4, Myla's Motors paid wages of S1.900. Of this, $1,300 related to the accrued wages recorded on December 31.
On January 10, Myla's Motors received 51,700 for Service Revenue. Of this, S1.000 related to the accrued Service Revenue recorded on December 31

Requirements

Journalise adjusting entries.
Journalise reversing entries for the appropriate adjusting entries.

D. Refer to the 2019 data. Journalise the cash payment and the cash receipt that occurred in 2019.

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Chapter 4, Problem P4.39BPGB

Chapter 4, Problem P4.41CT

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Accounting Question

Chapter 4 Solutions

Horngren's Accounting, Student Value Edition (12th Edition)

Ch. 4 - Assets are listed on the balance sheet in the...Ch. 4 - Which of the following accounts would be included...Ch. 4 - Which situation indicates a net loss within the...Ch. 4 - Which of the following accounts is not closed?...Ch. 4 - What do closing entries accomplish? Learning...Ch. 4 - Which of the following is not a closing entry?...Ch. 4 - Which of the following accounts may appear on a...Ch. 4 - 8. Which of the following steps of the accounting...Ch. 4 - Clean Water Softener Systems has Cash of $600,...Ch. 4 - Which of the following statements concerning...

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