Hawk Company used the following information to prepare adjusting entries at its December 31 year-end. a. The company earned $6,000 in service revenues that were not yet recorded at year-end. b. The expired portion of prepaid insurance was $5,250. c. The company earned $2100 of its Unearned Revenue account balance. d. Depreciation expense for office equipment was $2,600. e. Employees earned, but have not been paid, salaries of $2,700. Prepare any necessary reversing entries for accounting adjustments a through e assuming that the company uses reversing entries. (1f a transaction does not require a reversing entry, then choose 'Reversing entry not required')
Hawk Company used the following information to prepare adjusting entries at its December 31 year-end. a. The company earned $6,000 in service revenues that were not yet recorded at year-end. b. The expired portion of prepaid insurance was $5,250. c. The company earned $2100 of its Unearned Revenue account balance. d. Depreciation expense for office equipment was $2,600. e. Employees earned, but have not been paid, salaries of $2,700. Prepare any necessary reversing entries for accounting adjustments a through e assuming that the company uses reversing entries. (1f a transaction does not require a reversing entry, then choose 'Reversing entry not required')
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter2: Service Company Worksheet (f1work)
Section: Chapter Questions
Problem 5R: The trial balance of Wikki Cleaners at December 31, 2012, the end of the current fiscal year, is as...
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give me reverse entries please
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