Horngren's Accounting (12th Edition)
12th Edition
ISBN: 9780134486444
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Textbook Question
Chapter 4, Problem P4A.34APGA
Preparing
Learning Objectives 7 Appendix 4
The unadjusted
Adjustment data at December 31,2018:
Depreciation on equipment, $2,100.- Accrued Wages Expense. $1,100.
- Office Supplies cm hand, $500.
- Prepaid Insurance expired during December,$600.
- Unearned Revenue earned during December,$4,800
- Accrued Service Revenue, 51,300.
2019 transactions:
- On January 4, Martha's Motors paid wages of $1,900. Of this, $1,100 related to the accrued wages recorded on December 31.
- On January 10, Martha’s Motors received $1,500 for Service Revenue. Of this, $1,300 is related to the accrued Service Revenue recorded on December 31
Requirements
- Journalize adjusting entries.
- Journalize reversing entries for the appropriate adjusting entries.
- Refer to the 2019 data. Journalize the cash payment and the cash receipt that occurred in 2019.
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Chapter 4 Solutions
Horngren's Accounting (12th Edition)
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