Use the information to prepare adjusting entries as of october 31, 2015. prepare

Question

Use the information to prepare adjusting entries as of october 31, 2015. prepare journal entries to record the first subseques cash transaction in november 2015 path c and e. following is the unadjused trail balance for Aleazo institue as of December 31, 2015, which intial records prepaid expenses and is balance sheet accounts. The instuite provides one on one training to individuals who pay tution directly to the business and offers extension training to groups in off side locations. Shows after the trail balance are items a through h that require adjusting entries as of December 31, 2015.

Explanation / Answer

Adjusting Journal Entries

No Account Title & Explaination Debit Credit a) Insurance Expenses 9500 Prepaid Insurance 9500 b) Teaching Supplies Expenses (70000-20000) 50000 Teaching Supplies 50000 c) Depreciation Expenses-Equipment 5000 Accumulated Depreciation-Equipment 5000 d) Depreciation Expenses-Professional Library 2400 Accumulated Depreciation-Professional Library 2400 e) Unearned Training Fees (14300*2) 28600 Training Fees earned 28600 f) Account recievable (2300*2.5) 5750 Tution Fees earned 5750 g) Salaries Expenses (150*3) 450 Salary Payable 450 h) Rent Expenses 3800 Prepaid rent 3800

Related Questions

Navigate

• Browse (All)
• Browse U
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.