Solution-Prepare whatever reversing entries are appropriate

Prepare whatever reversing entries are appropriate

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Reference no: EM132879687

Problem - Reversing Entries - On December 31, 2019, Kellams Company made the following adjusting entries for its annual accounting period:

Depreciation Expense	2,400
Accumulated Depreciation		2,400
To record depreciation on buildings.
Interest Receivable	500
Interest Revenue		500
To record interest on note receivable due January 28, 2020.
Rent Expense	400
Prepaid Rent		400
To record expired prepaid rent.
Interest Expense	620
Interest Payable		620

To record interest on note payable due March 16, 2020.

Required - Prepare whatever reversing entries are appropriate.

Reference no: EM132879687

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Prepare whatever reversing entries are appropriate

Reference no: EM132879687

Reference no: EM132879687

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