Unit4 PE3-1A_3-2A_3-3A(1)

Unit4 PE3-1A_3-2A_3-3A(1) - (3 accrued revenue(4 accrued...

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Unit 4, Chapter 3 Practice Exercises Name ________________________________________ Practice Exercise 3-1A Indicate with a Yes or No whether or not each of the following accounts normally require an adjusting entry. Account Name Yes or No a. Salaries Payable yes b. Land no c. Dana Cates, Drawing no d. Accumulated Depreciation yes e. Unearned Rent yes f. Supplies yes
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Practice Exercise 3-2A Classify the following items as: (1) prepaid expense (2) unearned revenue
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Unformatted text preview: (3) accrued revenue (4) accrued expense Item Classification 2 4 c. Insurance Paid 1 3 a. Cash received for services not yet rendered b. Salaries owned but not yet paid d. Rent revenue earned but not received Practice Exercise 3-3A Journalize the adjusting entry in Practice Exercise 3-3A, page 126 Date Account Name Debit Credit 12/31/2008 Supplies Expense 2756 Supplies 2756 Supplies used ($1245+$2860- $1349)....
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This note was uploaded on 10/11/2010 for the course ACCT 114 taught by Professor Cummings during the Fall '08 term at Kaplan University.

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Unit4 PE3-1A_3-2A_3-3A(1) - (3 accrued revenue(4 accrued...

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