fill the charts solve en Assignment CAL Exercise 3-13 The ledger of Cullumber Co
ID: 2336162 • Letter: F
Question
fill the charts solve
en Assignment CAL Exercise 3-13 The ledger of Cullumber Company on July 31, 2019, includes the selected accounts below before adjusting entries have been prepared. e 3-5 Debit Credit $12,000 Notes Payable Supplies 13 -2A $20,000 2,400 200,000 Prepaid Rent Buildings Accumulated Depreciation-Buildings Unearned Service Revenue re $120,000 ults by ctive 10,000 An analysis of the company's accounts shows the following. The notes payable pays interest at a rate of 6% per year. 1- 2. Supplies on hand at the end of the month totaled $15,000 3. The balance in Prepaid Rent represents 4 months of rent costs. Employees were owed $2,700 related to unpaid salaries and wages. 5. Depreciation on buildings is $3,600 per year 6. 4. During the month,the company satisfied obligations worth $4,500 related to the Unearned Services Revenue Unpaid maintenance and repairs costs were $2,000 7. Prepare the adjusting entries at July 31 assuming that adjusting entries are made monthly. (If no entry is required, select "No Entry" for the account titles and ente indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. July 31 All Rights Reserved. A Division of John Wiley & Sons, InExplanation / Answer
Answer:
Date
Accounting title and explanation
Debit $
Credit $
31-Jul
Interest Receivables (1200*6%*1/12)
60
Interest Revenue
60
( To record the interest revenue)
31-Jul
Supplies Expanses (20,000-15,000)
5000
Supplies
5000
( To record the supplies expanses for the month)
31-Jul
Rent Expanses (2400/4)
600
Prepaid Rent
600
( To record the rent expanses for the month)
31-Jul
Salary and wages Expanses
2700
Salary and wages payable
2700
( To record the Salary and wages expanses
for the month)
31-Jul
Depreciation expanses-Building (3600/12)
300
Accumulated Depreciation -Building
300
( To record the depreciation expanses for the month)
31-Jul
Unearned Service revenue
4500
Service revenue
4500
( To record the service revenue)
31-Jul
Repairs and Maintained
2000
Accounts payable
2000
( To record Repairs and Mainataince expanses )
Date
Accounting title and explanation
Debit $
Credit $
31-Jul
Interest Receivables (1200*6%*1/12)
60
Interest Revenue
60
( To record the interest revenue)
31-Jul
Supplies Expanses (20,000-15,000)
5000
Supplies
5000
( To record the supplies expanses for the month)
31-Jul
Rent Expanses (2400/4)
600
Prepaid Rent
600
( To record the rent expanses for the month)
31-Jul
Salary and wages Expanses
2700
Salary and wages payable
2700
( To record the Salary and wages expanses
for the month)
31-Jul
Depreciation expanses-Building (3600/12)
300
Accumulated Depreciation -Building
300
( To record the depreciation expanses for the month)
31-Jul
Unearned Service revenue
4500
Service revenue
4500
( To record the service revenue)
31-Jul
Repairs and Maintained
2000
Accounts payable
2000
( To record Repairs and Mainataince expanses )
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