MyLab Accounting with Pearson eText -- Access Card -- for Horngren's Financial & Managerial Accounting (My AccountingLab)
5th Edition
ISBN: 9780133877601
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Textbook Question
Chapter 3, Problem 3.37AP
A Using the worksheet to record the adjusting
Ganville Theater Production Company’s partially completed worksheet as of December 31, 2016, follows.
Requirements
- 1. Analyze the worksheet to determine the
adjusting entries that account for the differences between the unadjustedtrial balance and the adjusted trial balance. Complete the worksheet. Use letters a through e to label the five adjustments. - 2. Journalize the adjusting entries.
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he items that follow on the attached image are from the Adjustments columns of a work sheet dated June 30, 2014.
1.Prepare the adjusting entries.
2.Where required, prepare appropriate reversing entries.
Complete the following adjusting entry for Mookie The Beagle Concierge.Mookie The Beagle Concierge purchased $426 of supplies during January 2018. At the end of the accounting period on January 31, Mookie The Beagle Concierge still had $236 of unused supplies on hand. The $236 of Supplies is an asset with future benefit. Since Mookie The Beagle Concierge recorded the entire $426 as Supplies Expense, an adjusting entry is needed to bring accounts up to date at January 3.
a. Prepare the necessary adjusting entries as of December 31, 2014.
b. Prepare the appropriate reversing entries as of January 1, 2015
Chapter 3 Solutions
MyLab Accounting with Pearson eText -- Access Card -- for Horngren's Financial & Managerial Accounting (My AccountingLab)
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