Subject: Business    / Accounting
Question
1.) At December 31, the unadjusted trial balance of H&R Tacks reports Supplies of $8,400 and
Supplies Expense of $0. On December 31, supplies costing $7,400 are on hand.
Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting
journal entry, and report the adjusted balance.
2.) At December 31, the unadjusted trial balance of H&R Tacks reports Prepaid Insurance of $5,040
and Insurance Expense of $0. The insurance was purchased on July 1 and provides coverage for
24 months. Prepare the T-accounts for each account, enter the unadjusted balances, post the
adjusting journal entry, and report the adjusted balance.
3.) At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable
of $0 and Salaries and Wages Expense of $28,000. Employees have been paid for work done up
to December 27, but the $1,100 they have earned for December 28–31 has not yet been paid or
recorded. Prepare the adjusting journal entry on December 31. (If no entry is required for a
transaction/event, select "No Journal Entry Required" in the first account field.) and
Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting
journal entry, and report the adjusted balance
4.) At December 31, the unadjusted trial balance of H&R Tacks reports Interest Payable of $0 and
Interest Expense of $0. Interest incurred and owed in December totals $530. Prepare the
adjusting journal entry on December 31. Prepare the T-accounts for each account, enter the
unadjusted balances, post the adjusting journal entry, and report the adjusted balance
5.) At December 31, the unadjusted trial balance of H&R Tracks reports Software of $31,000 and
zero
balances in Accumulated Amortization—Intangibles and Amortization Expense. Amortization for
the period is estimated to be $6,200. Prepare the required journal entry on December 31. Prepare the Taccounts for each account, enter the unadjusted balances, post the journal entry, and report the adjusted
balance

https://applewriters.com/place-order/

Order Now