Home / Questions / B Preparing adjusting entries and reversing entries The unadjusted trial balance and adjus...
P4A-40B Preparing adjusting entries and reversing entries The unadjusted trial balance and adjustment data of Myla's Motors at December 31, 2018, follow: MYLA'S MOTORS Unadjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash $ 4,500 Accounts Receivable 26,100 Office Supplies 1,000 Prepaid Insurance 1,500 Equipment 50,500 Accumulated Depreciation-Equipment Accounts Payable $ 35,000 13,700 Wages Payable 0 Unearned Revenue 5,700 Withers, Capital 19,300 Withers, Withdrawals 4,300 Service Revenue 17,200 Depreciation Expense-Equipment Wages Expense 1,200 Insurance Expense Utilities Expense 1,800 Supplies Expense Total 90,900 90,900 Adjustment data at December 31, 2018 Depreciation on equipment, $1,700. b. Accrued Wages Expense, $1,300. a. Office Supplies on hand, $400. d. Prepaid Insurance expired during December, $250. C. e. Unearned Revenue earned during December, $4,200. f Accrued Service Revenue, $1,000. 2019 transactions: On January 4, Myla's Motors paid wages of $1,900. Of this, $1,300 related to the accrued wages recorded on December 31 a. C b. On January 10, Myla's Motors received $1,700 for Service Revenue. Of this, $1,000 related to the accrued Service Revenue recorded on December 31. Requirements 1. Journalize adjusting entries. 2. Journalize reversing entries for the appropriate adjusting entries. 3. Refer to the 2019 data. Journalize the cash payment and the cash receipt that occurred in 2019.
Feb 08 2020 View more View Less
Determine the magnitude and direction of the principal stress (in the xy- plane) of the stress state given by σxx = -100 , σyy = 300, τxy= -150 (all in MPa) . Sketch Mohr...
Aug 20 2020Calculate the number of moles of Cl atoms in 1.20×1024 formula units of magnesium chloride, MgCl2.
Aug 22 2020Derive Individual Demand Curve The following table shows Ellie's utility from consuming slices of pie and cans of Dr. Pepper. Slices Marginal Utility Cans Marginal of fr...
Apr 15 2020There can be different types of plans in an organization. A plan that comprises general guidelines,does not lock managers into a specific course of action and does not ha...
Dec 13 2017Write the Lewis structures of H2CNH and H3CNH2. Predict which molecule has the greater C–N bond energy.Write the Lewis structures of H2CNH and H3CNH2. Predict which molec...
May 24 2021Elon Musk/Bill GatesWhat leadership theory reflects the style of leadership they exhibit? DiscussWhere would they be placed on the Leadership Grid and why? DiscussIdentif...
Aug 28 2020John, Lesa, and Tabir form a limited liability company. John contributes 60 percent of the capital, and Lesa and Tabir each contribute 20 percent. Nothing is decided abou...
Aug 18 2021Match the following 1. Magnes a. Chinese 2. Plastic scale b. Natural magnet 3. Nail ...
Jul 14 2021Show transcribed image textProblem 5.1 Ted Rogers is investing $5,000 in a bank CD that pays a 5 percent annual interest. How much will the CD be worth at the end of five...
Aug 10 2020The pH of a 0.063 M solution of hydrobromous acid (HOBr but usually written HBrO) is 4.95. Calculate Ka
Jun 19 2021