7. Journalize the adjusting entries (L(Use General journal):A. Rent expense for April.B. Supplies Expense to be recorded if the physical count counducted revealed P1,000 onhand.C. Accrued Salaries on April for P800.D. Utilities Payable for April amounted to P2,200.E. Depreciation Expense for Delivery Equipment for the month of April. Use 10 yrs usefulife and no salvage value. (acquired April 5) Compute for 1 month depreciation only.Use two decimal places.F, Depreciation Expense for Office Equipment for the month of April. Use 5 yrs useful lifeand no salvage value.(acquired April 8) Compute for 1 month depreciation only. Usetwo decimal places.G. Depreciation Expense for Furniture & Fixtures for the month of April. Use 5 yrs useful lifeand no salvage value (acquired April 28) Compute for 1 month depreciation only. Usetwo decimal places.8. Prepare Statement of Financial Performance, Statement of Changes in Owner's Equity andStatement of Financial Position.

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7. Journalize the adjusting entries (Use General journal): A. Rent expense for April. B. Supplies Expense to be recorded if the physical count counducted revealed P1,000 on hand. C. Accrued Salaries on April for P800. D. Utilites Payable for April amounted to P2,200. E. Depreciation Expense for Delivery Equipment for the month of April. Use 10 yrs useful

7. Journalize the adjusting entries (Use General journal): A. Rent expense for April. B. Supplies Expense to be recorded if the physical count counducted revealed P1,000 on hand. C. Accrued Salaries on April for P800. D. Utilites Payable for April amounted to P2,200. E. Depreciation Expense for Delivery Equipment for the month of April. Use 10 yrs useful

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter15: Preparing Adjusting Entries And A Trial Balance

Section: Chapter Questions

Problem 1MP

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Hankik Enterprises Worksheet For the Year Ended July 31, 2015 Adjusted Trial Trial Balance Adjustments Description Balance Debit Debit Credit Credit Debit Credit Cash 36 Prepaid Insurance 12 Fees Receivable 56 Supplies 12 Equipment 60 Accum. Depreciation 12 Uncarned Revenue 20 Accounts Payable 32 Wages Payable Ramon Hikik, Capital 84 Ramon Hikik, 4 Drawing Service Revenue 80 Advertising Expense 28 Wage Expense 20 Insurance Expense Supplies Expense Depreciation Expense 228 Totals 228
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