sup_Chap4 - Chapter 4 Additional demonstration P4-5A (TB...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 4 Additional demonstration P4-5A (TB 165) (AMENDED) You only need to do the q2 (journal ONLY) and q3. INSTRUCTIONS: 1. IGNORE the adjusting entries (C) for Part 2 2. AMEND the adjusting entries (H) into: An accrued interest expense $200 was made for the year. $4500 of the long term note payable will be deal in the coming financial year. 3. CANCEL THE accumulated depreciation $25500 on the trial balance 4. CHANGE the value of the equipment to $123700 (a) Supplies Expense . .............................................................................. 4,480 Supplies. .................................................................................. 4,480 To record consumption of supplies. (b) Insurance Expense . ............................................................................ 3,465 Prepaid Insurance . ................................................................... 3,465 To record expiration of insurance. (d) Utilities Expense . ............................................................................... 560 Accounts Payable . ................................................................... 560 To record accrued utilities costs. (e) Wages Expense . ................................................................................. 1,900 Wages Payable . ....................................................................... 1,900 To record accrued wages. (f) Rent Expense . .................................................................................... 500 Rent Payable . .......................................................................... 500 To record remainder of annual rent. (g) Property Taxes Expense . .................................................................... 700 Property Taxes Payable . .......................................................... 700 To record additional property taxes. (h)
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/09/2011 for the course ECON econ 1001 taught by Professor Wong during the Fall '09 term at HKU.

Page1 / 4

sup_Chap4 - Chapter 4 Additional demonstration P4-5A (TB...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online