image6.jpeg - Alternative approaches to record prepayments Powerpoint Un Rev Rex of un Rex Rev 18 40 148 18 30 30 18 30 Problem 2 Adjusting Entries a 48

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Unformatted text preview: Alternative approaches to record prepayments ( Powerpoint) Un . Rev Rex of un. Rex Rev 18 40 148 18 30 30 18 30 Problem 2 - Adjusting Entries a) 48, 202 = 400 / month x 1 = \$400 earned 12 Revenue 4800 Dec 31 Unearned Revenue 40 0 400 400 Revenue 400 4400 400 6) 4800- 400= 44010 unearned U/R Rev 14400 4400 Dec 31 Revenue 4400 4400 1400 Unearned Revenue 14400 ( ) Dec 31 Wages Expense 61000 wages Payable 61020 Supplies 8) Dec 31 Supplies Expense 3,100 600 (Beg. 81 ? used 600 14,000 - * = 150 supplies *= 3100 End bal. 150d...
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• Fall '16
• TrishStringer
• Accounting, Harshad number, \$400, un. Rex

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