Top Posters
Since Sunday
j
4
m
4
4
n
3
m
3
R
3
V
3
e
3
w
3
j
3
a
3
a
3
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
gOOvER gOOvER
wrote...
Go to Answer
Posts: 1305
Rep: 0 0
6 years ago
Clayton Consulting initially records all prepaid expenses as expenses and all unearned revenues as revenues. Given the following information, prepare the necessary adjusting entries at year end, December 31, 2014.

a) On January 3, 2014, $500 of supplies were purchased. A count revealed $100 still on hand at December 31, 2010.
b) On January 4, 2014, a $10,500 payment was made to an insurance agency for two and a half years of insurance.
c) On October 30, 2014, received four months' rent in advance from a tenant, $8,000.
d) On August 1, 2014, received six months' rent in advance from a tenant, $2,400.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
Read 124 times
1 Reply
Replies
Answer verified by a subject expert
HanoiHanoi
wrote...
#1
Posts: 433
Rep: 20 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
This verified answer contains over 130 words.
1

Related Topics

gOOvER Author
wrote...

6 years ago
Thank you, thank you, thank you!
bbbbbbbh
wrote...

Yesterday
this is exactly what I needed
jbag1237
wrote...

2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1005 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 225
  
 462
  
 1010
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 405
Previous poll results: How often do you eat-out per week?