quiz4 - a b c d e f g h The yearly amortization on the...

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a. The yearly amortization on the building is $550. b. Property taxes of $800 have accrued but are unrecorded. c. Services performed but unrecorded at the end of the year totalled $10,000. d. The furniture was purchased in a previous year and will be sold for $750 after being used for ten years. e. A review of the unadjusted balance in the prepaid rent account shows a remaining balance of $15,000 at the end of the year. f. Of the rent paid to Courtland Corp. in advance, $1,500 has been earned. g. A review of the unadjusted balance in the supplies account shows a balance on hand at the end of the year of $1,450. h. Of the consulting fees Courtland Corp. received in advance, $6,100 has not yet been earned. (c) You have not included the 'Accounts Receivable' account in this journal entry. This will cost you 2 marks. You have not included the 'Fees Earned' account in this journal entry. This will cost you 2 marks. The description should be 'c', but you have not entered this. However you will not lose any marks
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This note was uploaded on 04/13/2010 for the course CA 1001 taught by Professor James during the Spring '06 term at Buffalo State.

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quiz4 - a b c d e f g h The yearly amortization on the...

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