close solutoin list

The balances of the ledger accounts of Beldren Home Center as of December 31, the end of its fiscal year, are as follows: Data for the adjustments are as follows: a–b. Merchandise Inventory at December 31, $102,765. c. Wages accrued at December 31, $1,834. d. Supplies inventory (on hand) at December 31, $645. e. Depreciation of store equipment, $5,782. f. Depreciation of office equipment, $1,791. g. Insurance expired during the year, $845. h. Rent earned, $2,500. Required 1. Complete the work sheet after entering the account names and balances onto the work sheet. Ignore this step if using CLGL. 2. Journalize the adjusting entries. If using manual working papers, record adjusting entries on journal page 16.

BuyFind

College Accounting (Book Only): A ...

12th Edition
Cathy J. Scott
Publisher: Cengage Learning
ISBN: 9781305084087
BuyFind

College Accounting (Book Only): A ...

12th Edition
Cathy J. Scott
Publisher: Cengage Learning
ISBN: 9781305084087

Solutions

Chapter
Section
Chapter 11, Problem 2PA
Textbook Problem

The balances of the ledger accounts of Beldren Home Center as of December 31, the end of its fiscal year, are as follows:

Chapter 11, Problem 2PA, The balances of the ledger accounts of Beldren Home Center as of December 31, the end of its fiscal

Data for the adjustments are as follows:

a–b. Merchandise Inventory at December 31, $102,765.

c. Wages accrued at December 31, $1,834.

d. Supplies inventory (on hand) at December 31, $645.

e. Depreciation of store equipment, $5,782.

f. Depreciation of office equipment, $1,791.

g. Insurance expired during the year, $845.

h. Rent earned, $2,500.

Required

  1. 1. Complete the work sheet after entering the account names and balances onto the work sheet. Ignore this step if using CLGL.
  2. 2. Journalize the adjusting entries. If using manual working papers, record adjusting entries on journal page 16.

Expert Solution

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

See Solution

*Response times vary by subject and question complexity. Median response time is 34 minutes and may be longer for new subjects.

Chapter 11 Solutions

College Accounting (Book Only): A Career Approach
Show all chapter solutions
Ch. 11 - On a work sheet, where will the amount of the...Ch. 11 - Explain what is meant by unearned revenue. Why it...Ch. 11 - Why is it necessary to adjust the Merchandise...Ch. 11 - A merchandising company shows 8,842 in the...Ch. 11 - Assume that a college receives 84,000 for one...Ch. 11 - For the university football programs Unearned...Ch. 11 - On October 31, the Vermillion Igloos Hockey Club...Ch. 11 - Basga Company uses the periodic inventory system....Ch. 11 - Indicate the work sheet columns (Income Statement...Ch. 11 - Journalize the required adjusting entries for the...Ch. 11 - On December 31, the end of the year, the...Ch. 11 - On December 31, Marchant Company took a physical...Ch. 11 - The trial balance of Hadden Company as of December...Ch. 11 - The balances of the ledger accounts of Beldren...Ch. 11 - A portion of the work sheet of Sadies Flowers for...Ch. 11 - Here are the accounts in the ledger of Mishas...Ch. 11 - A portion of Anderson Publishings work sheet for...Ch. 11 - The trial balance of Jillson Company as of...Ch. 11 - The balances of the ledger accounts of Pelango...Ch. 11 - A portion of the work sheet of Habib Company for...Ch. 11 - The accounts and their balances in the ledger of...Ch. 11 - A portion of Johnsons Farm Supply work sheet for...Ch. 11 - BURTS BEES, Durham, North Carolina Burts Bees...Ch. 11 - You have a friend who is a seamstress specializing...Ch. 11 - On November 1, an exterior painting company...Ch. 11 - The owner of a motorcycle shop allows his two sons...Ch. 11 - What could happen if a business spent the cash it...Ch. 11 - Two months (July and August) have passed since Ms....

Additional Business Textbook Solutions

Find more solutions based on key concepts
Show solutions
Describe the economic logic behind the theory of purchasing-power parity.

Brief Principles of Macroeconomics (MindTap Course List)

Conciseness es valued in business. However, can messages be too short?

Essentials of Business Communication (MindTap Course List)

LO3 A debit to an asset account will decrease it.

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

EXPECTATIONS THEORY Assume that the real risk-free rate is 2% and that the maturity risk premium is zero. If a ...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

Why would a firm ever offer a price on a product that is below its full cost?

Cornerstones of Cost Management (Cornerstones Series)