The following partial list of accounts and account balances has been taken from the trial balance and the adjusted trial balance of Baye Company: Trial Balance Adjusted Trial Balance (Debit) (Credit) (Debit) (Credit) Accumulated Depreciation $5,000 $6,200 Allowance for Doubtful Accounts 400 650 Income Taxes Payable 0 2,250 Interest Payable 0 320 Prepaid Insurance $350 $80 Salaries Payable 0 720 Unearned Rent 900 300 Prepare the adjusting entry that caused the change in each account balance on December 31 by journalizing.
The following partial list of accounts and account balances has been taken from the trial balance and the adjusted trial balance of Baye Company: Trial Balance Adjusted Trial Balance (Debit) (Credit) (Debit) (Credit) Accumulated Depreciation $5,000 $6,200 Allowance for Doubtful Accounts 400 650 Income Taxes Payable 0 2,250 Interest Payable 0 320 Prepaid Insurance $350 $80 Salaries Payable 0 720 Unearned Rent 900 300 Prepare the adjusting entry that caused the change in each account balance on December 31 by journalizing.
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 4PB: Bristax Corporation recorded $1,385,660 in credit sales for the year, and $732,410 in accounts...
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The following partial list of accounts and account balances has been taken from the trial balance and the adjusted trial balance of Baye Company:
|
Trial Balance
|
|
Adjusted Trial Balance
|
||
(Debit)
|
(Credit)
|
(Debit)
|
(Credit)
|
||
$5,000 | $6,200 | ||||
Allowance for Doubtful Accounts | 400 | 650 | |||
Income Taxes Payable | 0 | 2,250 | |||
Interest Payable | 0 | 320 | |||
Prepaid Insurance | $350 | $80 | |||
Salaries Payable | 0 | 720 | |||
Unearned Rent | 900 | 300 |
Prepare the |
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