Business, 05.05.2020 05:22, theyylovejay
The ledger of Windsor, Inc. on July 31, 2017, includes the selected accounts below before adjusting entries have been prepared.
Debit Credit
Investment in Note Receivable $24,000
Supplies 23,500
Prepaid Rent 3,200
Buildings 280,000
Accumulated Depreciation—Buildings $140,000
Unearned Service Revenue 11,900
An analysis of the company’s accounts shows the following.
1. The investment in the notes receivable earns interest at a rate of 12% per year.
2. Supplies on hand at the end of the month totaled $15,200.
3. The balance in Prepaid Rent represents 4 months of rent costs.
4. Employees were owed $2,700 related to unpaid salaries and wages.
5. Depreciation on buildings is $6,720 per year.
6. During the month, the company satisfied obligations worth $4,800 related to the Unearned Services Revenue.
7. Unpaid maintenance and repairs costs were $2,300.
Prepare the adjusting entries at July 31 assuming that adjusting entries are made monthly. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
No.
Date
Account Titles and Explanation
Debit
Credit
1.
July 31
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
2.
July 31
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
3.
July 31
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
4.
July 31
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
5.
July 31
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
6.
July 31
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
7.
July 31
Answers: 2
Other questions on the subject: Business
Business, 21.06.2019 23:00, liluv5062
The impact fiscal multiplier is a. usually estimated to have an average value of 2. b. usually estimated to have an average value of 0. c. the actual immediate multiplier effect of a fiscal policy action after taking into consideration direct fiscal offsets and other short-term crowding out of private spending. d. the multiplier effect of a fiscal policy action that applies to a long-run period after all influences on equilibrium real gdp have been taken into account.
Answers: 3
Business, 22.06.2019 01:30, BaileyRyan8320
In the fall, jay thompson decided to live in a university dormitory. he signed a dorm contract under which he was obligated to pay the room rent for the full college year. one clause stated that if he moved out during the year, he could sell his dorm contract to another student who would move into the dormitory as his replacement. the dorm cost was $5000 for the two semesters, which jay had already paid a month after he moved into the dorm, he decided he would prefer to live in an apartment. that week, after some searching for a replacement to fulfill his dorm contract, jay had two offers. one student offered to move in immediately and to pay jay $300 per month for the eight remaining months of the school year. a second student offered to move in the second semester and pay $2500 to jay. jay estimates his food cost per month is $500 if he lives in the dorm and $450 if he lives in an apartment with three other students. his share of the apartment rent and utilities will be $404 per month. assume each semester is 4.5 months long. disregard the small differences in the timing of the disbursements or receipts. what is the cost of the cheapest alternative?
Answers: 1
Business, 22.06.2019 06:30, henriquetucker
Double corporation acquired all of the common stock of simple company for
Answers: 2
Business, 22.06.2019 12:30, victorialeona81
Provide an example of open-ended credit account that caroline has. caroline blue's credit report worksheet.
Answers: 1
Do you know the correct answer?
The ledger of Windsor, Inc. on July 31, 2017, includes the selected accounts below before adjusting...
Questions in other subjects:
Arts, 13.08.2020 22:01
Arts, 13.08.2020 22:01
History, 13.08.2020 22:01
