Horngren's Accounting (12th Edition)
12th Edition
ISBN: 9780134486444
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Textbook Question
Chapter 3, Problem E3.28E
Journalizing
Learning Objective 3, 5
The following data at July 31, 2018, are given for RCO:
Depreciation , $600.- Prepaid rent expires, $200.
- Interest expense accrued, $700.
- Employee salaries owed for Monday through Thursday of a five-day workweek; weekly payroll, $8,000.
- Unearned revenue earned, $1,000.
- Office supplies used, SISO.
Requirements
- Journalize the adjusting entries needed on Jury 31, 2018.
- Suppose the adjustments made in Requirement 1 were not made. Compute the overall overstatement or understatement of net income as a result of the omission of these adjustments.
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Chapter 3 Solutions
Horngren's Accounting (12th Edition)
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