PART C Jour Harry\'s Hair Salon, Inc. (HHS) opened for tecng with their related
ID: 2519440 • Letter: P
Question
PART C Jour Harry's Hair Salon, Inc. (HHS) opened for tecng with their related adjusting journal entries (AJE) below for Harry's Hair Salon. Harry u Q15 ournal Entries-Harry's Hair Salon on, Inc.(HHS) opened for business on January 1 of this year. Prepare the selected transac e Chart of Accounts as that for Bushra's listed in the previous problem. Harry's year-end is Decem complete Transaction Journal Entry TE) #1 in the space provided below for HHS Complete Adjusting Journal Entry (AE) #1 in the space provided below for HHS. us Q16 Harry's Hair Salon, Inc. GENERAL JOURNAL Credit Date TIE #1 Hair product supplies are purchased for $1,000 cash for the year. Jan 1 Accounts Debit At year end on December 31 only S400 of hair product remains in the supply closet. Prepare the year-end adjusting journal entry AJE #1 Dec 31 At year-end, as a result of TE #1 and AE #1 Harry's Hair Salon will report: Q17 On the income statement Account Title 018 On the balance sheet Supply Inventory ofExplanation / Answer
Journal entry :
On the income statement Supplies expense $600
On the balance sheet Suppy inventory of $400
Date General journal debit credit Jan 1 Supplies 1000 Cash 1000 (To record supplies purchased) Dec 31 Supplies expense 600 Supplies 600 (To record adjusting entry)Related Questions
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