Business, 05.05.2020 05:22 theyylovejay
The ledger of Windsor, Inc. on July 31, 2017, includes the selected accounts below before adjusting entries have been prepared.
Debit Credit
Investment in Note Receivable $24,000
Supplies 23,500
Prepaid Rent 3,200
Buildings 280,000
Accumulated Depreciation—Buildings $140,000
Unearned Service Revenue 11,900
An analysis of the company’s accounts shows the following.
1. The investment in the notes receivable earns interest at a rate of 12% per year.
2. Supplies on hand at the end of the month totaled $15,200.
3. The balance in Prepaid Rent represents 4 months of rent costs.
4. Employees were owed $2,700 related to unpaid salaries and wages.
5. Depreciation on buildings is $6,720 per year.
6. During the month, the company satisfied obligations worth $4,800 related to the Unearned Services Revenue.
7. Unpaid maintenance and repairs costs were $2,300.
Prepare the adjusting entries at July 31 assuming that adjusting entries are made monthly. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
No.
Date
Account Titles and Explanation
Debit
Credit
1.
July 31
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
2.
July 31
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
3.
July 31
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
4.
July 31
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
5.
July 31
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
6.
July 31
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
Exercise 4-12 The ledger of Windsor, Inc. on July
7.
July 31
Answers: 2
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The ledger of Windsor, Inc. on July 31, 2017, includes the selected accounts below before adjusting...
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