WebThe data needed to determine year-end adjustments are as follows: a. Unexpired insurance at August 31, $6,000. b. Supplies on hand at August 31, $480. c Deprediation of building for the year, $7,500. d. Depreciation of equipment for the year, $4,150. e. Rent unearned at August 31, $1,550. f. Accrued salaries and wages at August 31, $3,200. g. Weba. Unexpired insurance at December 31 $1,500 b. Supplies on hand at December 31 $400 c. Depreciation of building for the year $1,750 d. Depreciation of equipment for the year …

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WebAug 9, 2024 · When you make a prepaid rent or unexpired insurance journal entry, you report the money as an asset, entering it in a prepaid insurance account in the books. Prepaid … WebOn July 1 Plum Co. paid $7,500 cash for management services to be performed over a two-year period. Plum follows a policy of recording all prepaid expenses to asset accounts at the time of cash... lifeline of the digital society

Solved The data needed to determine year-end …

WebUnexpired insurance at July 31, $1, 500. Fees earned but unbilled on July 31, $10, 200. Supplies on hand at July 31, $615. Rent unearned at July 31, $300. Journalize the … Web(e) Unexpired insurance remaining at the end of the month, $9. Date Debit Credit B) By posting to ledger accounts, fill “Adjustments” columns of the following end-of-period spreadsheet. Then calculate balances of all accounts after the adjustments and fill “Adjusted Trial Balance” columns in the spreadsheet below. WebQ: Mackenzie Insurance Company collected a premium of $15,000 for a 1-year insurance policy on May 1.…. A: Insurance expense on december 31 = Total premium paid x no. of months / period of insurance = $15000…. Q: Adjustment for Prepaid Expense The prepaid insurance account had a beginning balance of s11.500 and…. lifeline online slimming world