Business, 05.03.2021 21:30, sandersmakaylaovq5vu
Flint Hill, Inc has prepared a trial balance of its general ledger as of December 31, 2021. Certain accounts in the trial balance do not reflect all activities which have occurred.
Required:
Prepare journal entries, as required, the following items.
a. The supplies account shows a balance of $540, but a count of supplies reveals only $210 on hand.
b. Flint Hills charges all insurance premiums to expense. The trial balance shows a balance of $420 in insurance expense. A review of insurance polisies reveals that $125 of insurance is unexpired.
c. Salaries of $2,400 per week are paid each Friday. Flint Hills' year end falls on Tuesday.
d. Received a utility bill on January 10, 2014 for December electricity usage of $190.
Answers: 3
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Flint Hill, Inc has prepared a trial balance of its general ledger as of December 31, 2021. Certain...
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