3. Given is information of XYZ enterprise for the month of December 2012. a) Interest on notes payable of Rs 12,000 is accrued b) Fees earned but unbilled total Rs 56,000 c) Salaries earned by employees of Rs 40,000 and wages 11,500 have not been recorded yet d) Supplies used during month worth 5,500 e) Unrecorded revenue 25,000 f) Due services rendered 10,000 g) Deprecation for office equipment 2,500 and for building 4800 h) Insurance expired for the month 4,000 Required: Pass the given adjusting entries of XYZ enterprise for the month of December 2012.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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3. Given is information of XYZ enterprise for the month of December 2012.
a) Interest on notes payable of Rs 12,000 is accrued
b) Fees eamed but unbilled total Rs 56,000
c) Salaries earned by employees of Rs 40,000 and wages 11,500 have not
been recorded yet
d) Supplies used during month worth 5,500
e) Unrecorded revenue 25,000
f) Due services rendered 10,000
g) Deprecation for office equipment 2,500 and for building 4800
h) Insurance expired for the month 4,000
Required: Pass the given adjusting entries of XYZ enterprise for the month of December 2012.
Transcribed Image Text:3. Given is information of XYZ enterprise for the month of December 2012. a) Interest on notes payable of Rs 12,000 is accrued b) Fees eamed but unbilled total Rs 56,000 c) Salaries earned by employees of Rs 40,000 and wages 11,500 have not been recorded yet d) Supplies used during month worth 5,500 e) Unrecorded revenue 25,000 f) Due services rendered 10,000 g) Deprecation for office equipment 2,500 and for building 4800 h) Insurance expired for the month 4,000 Required: Pass the given adjusting entries of XYZ enterprise for the month of December 2012.
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