Reference no: EM132090301
Question: Recording Adjusting Entries and Preparing an Adjusted Trial Balance Ninja Sockeye Star, owned by Johnny Chen, had the following unadjusted accounts at the end of its second year of operations ending December 31, 2009. The accounts have normal debit or credit balances.
Other data not yet recorded at December 31, 2009, follow:
a. Rent used during 2009, $1,200.
b. Depreciation expense for 2009, $1,000.
c. Utilities used in 2009 but not yet paid, $9,000.
d. Wages earned by employees in 2009 but not yet paid, $800.
Required: 1. Create T-accounts based on the accounts titles and balances at December 31, 2009.
2. Using the steps outlined in the chapter, (1) identify the type of adjustment of ( a) through ( d ), (2) determine the amount, and (3) prepare the adjusting journal entries required at December 31, 2009.
3. Post the effects of the adjusting journal entries to the T-accounts and prepare an adjusted trial balance as of December 31, 2009.
|
What is he or she telling you about the output information
: What is he or she telling you about the output information, and why is it important?
|
|
Prepare a classified income statement using adjusted amounts
: Reporting an Adjusted Income Statement Dyer Rental Store, a sole proprietorship owned by Jessica Dyer, completed its first year of operations on December 31.
|
|
Predicting a father education level
: Write a brief paper in APA format of 400-600 words that respond to the following questions with your thoughts, ideas, and comments.
|
|
Compare their respective e business forms and revenue models
: Identify and compare their respective e business forms and revenue models.
|
|
Create t-accounts based on the accounts titles
: Recording Adjusting Entries and Preparing an Adjusted Trial Balance Ninja Sockeye Star, owned by Johnny Chen, had the following unadjusted accounts.
|
|
Clearly showing the minimum financial analysis
: 200426 Corporate Finance Assignment - Western Sydney University, Australia. Readable spreadsheets clearly showing at least the minimum financial analysis
|
|
Risk-utility balancing refers to the fact
: Risk-utility balancing refers to the fact that. Explain the supply chain macro-processes in a firm.
|
|
Post the effects of the adjusting journal entries
: Recording Adjusting Entries and Preparing an Adjusted Trial Balance Mint Cleaning, owned by Kat , had the following unadjusted accounts at the end.
|
|
Study the uncertainty surrounding payoff of investment
: A decision maker is working on a problem that requires her to study the uncertainty surrounding the payoff of an investment.
|