EBK HORNGREN'S ACCOUNTING
12th Edition
ISBN: 9780134487212
Author: MILLER-NOBLES
Publisher: PEARSON CO
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Textbook Question
Chapter 4, Problem P4A.40BPGB
Preparing
Learning Objectives 7 Appendix 4A 6
The unadjusted
Adjustment data at December 31, 2018:
Depreciation on equipment, $1,700.- Accrued Wages Expense, $1,300.
- Office Supplies on hand, $400.
- Prepaid Insurance expired during December, $250.
- Unearned Revenue earned during December, 54,200.
- Accrued Service Revenue, $1,000.
2019 transactions:
- On January 4, Myla's Motors paid wages of S1.900. Of this, $1,300 related to the accrued wages recorded on December 31.
- On January 10, Myla's Motors received 51,700 for Service Revenue. Of this, S1.000 related to the accrued Service Revenue recorded on December 31
Requirements
- Journalise adjusting entries.
- Journalise reversing entries for the appropriate adjusting entries.
D. Refer to the 2019 data. Journalise the cash payment and the cash receipt that occurred in 2019.
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Chapter 4 Solutions
EBK HORNGREN'S ACCOUNTING
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