Hinson 2-6 Adjusting Entries

Hinson 2-6 Adjusting Entries - Accruals Expense Liability...

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Intermediate Accounting I Assignment 2-6 Adjusting Entries Jamie Hinson January 21, 2008 Problem 2-8 Adjusting Entries Expenses Revenues ________________________________________Debit Credit Debit Credit Prepayments (initially recorded as assets or liabilities) Expense Asset Liability Revenue Prepayments (initially recorded as expenses or revenues) Asset Expense Revenue Liability
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Unformatted text preview: Accruals Expense Liability Asset Revenue Adjusting Entries Expenses_________ Revenues_____ __________________________________________Debit Credit____ Debit Credit 1. Depreciation expense 2,500 2. Accrual wages 4,500 3. Allowance for uncollectible accounts 600 4. Interest expense 3,000 5. Supplies expense 1,500 6. Prepaid rent 1,000...
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This note was uploaded on 09/08/2010 for the course ACCOUNTING 320 taught by Professor Hickman during the Spring '10 term at Heidelberg.

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