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28 Sep 2019
On December 31 adjusting entries for the following transactions.1. Fees accrued but not billed, $6,300. 2. The Supplies accountbalance on December 31, $4,750; Supplies on hand, $960. 3. Wagesaccrued but not paid, $2,700. 4. Depreciation of office equipment,$1,650. 5. Rent expired during year, $10,800.
CHARTOF ACCOUNTS General Ledger ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Rent 16 Office Equipment 17 Accumulated Depreciation
LIABILITIES 21 Accounts Payable 22 Notes Payable 23 Unearned Revenues 24 Wages Payable 25 Interest Payable
EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends
REVENUE 41 Fees Earned
EXPENSES 51 Advertising Expense 52 Insurance Expense 53 Interest Expense 54 Wages Expense 55 Supplies Expense 56 Utilities Expense 57 Depreciation Expense 58 Rent Expense 59 Miscellaneous Expense
CHARTOF ACCOUNTS General Ledger ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Rent 16 Office Equipment 17 Accumulated Depreciation
LIABILITIES 21 Accounts Payable 22 Notes Payable 23 Unearned Revenues 24 Wages Payable 25 Interest Payable
EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends
REVENUE 41 Fees Earned
EXPENSES 51 Advertising Expense 52 Insurance Expense 53 Interest Expense 54 Wages Expense 55 Supplies Expense 56 Utilities Expense 57 Depreciation Expense 58 Rent Expense 59 Miscellaneous Expense
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General Journal
Prepare the December 31 adjusting entries for each transactions.Refer to the Chart of Accounts for exact wording of accounttitles.
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JOURNAL
DATE DESCRIPTION POST.REF. DEBIT CREDIT 1
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need help with a general journal
On December 31 adjusting entries for the following transactions.1. Fees accrued but not billed, $6,300. 2. The Supplies accountbalance on December 31, $4,750; Supplies on hand, $960. 3. Wagesaccrued but not paid, $2,700. 4. Depreciation of office equipment,$1,650. 5. Rent expired during year, $10,800.
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X
General Journal
Prepare the December 31 adjusting entries for each transactions.Refer to the Chart of Accounts for exact wording of accounttitles.
PAGE 1
JOURNAL
| DATE | DESCRIPTION | POST.REF. | DEBIT | CREDIT | |
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10 | need help with a general journal |
Jean KeelingLv2
28 Sep 2019
Related questions
On May 31, the following data were accumulated to assist theaccountant in preparing the adjusting entries for OceansideRealty:
| a. | Fees accrued but unbilled at May 31are $19,750. |
| b. | The supplies account balance on May31 is $12,300. The supplies on hand at May 31 are $4,150. |
| c. | Wages accrued but not paid at May31 are $2,700. |
| d. | The unearned rent account balanceat May 31 is $9,000, representing the receipt of an advance paymenton May 1 of three monthsâ rent from tenants. |
| e. | Depreciation of office equipment is$3,200. |
| Required: | |
| 1. | Journalize the adjustingentries required at May 31. Refer to the Chart of Accounts forexact wording of account titles. |
| 2. | What is the difference betweenadjusting entries and correcting entries? |
Chart of Accounts
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