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I am trying to create a journal entry for the following: Th e monthly rent payme

ID: 2471633 • Letter: I

Question

I am trying to create a journal entry for the following: Th e monthly rent payment is $2,400.00. Expense the amount associated with twelve month's rent A physical inventory showed that only $830.00 worth of general office supplies remained on hand as of December 31 The interest on the note for the Ricoh Color copier will be paid every six months. Record the December accrued interest on the note payable for the Ricoh purchase on December 1st Record a journal entry to reflect that one half month's insurance has expired. A review of Byte's job worksheets show that there are unbilled revenues in the amount of S6,250.00 for computers that cost S3,125.00, record the cost of the computers on account. A review of Byte's job worksheets show that there are unbilled revenues in the amount of $6,250.00 for computers that cost $3,125.00, record the Sales Revenue from the computers A.xeviex of Byte's job worksheets show that there are unbilled revenues in the amount of S6,250.00 for computers that cost $3,125.00, record the Cost of Goods Sold of the computers

Explanation / Answer

0 Journal Entries Rent Dr 28800 (2400*12) To cash 28800 No Entry Interest Dr ( Amount not given in ques) To Interest Payable Insurance A/c Dr To Prepaid Insurance

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