Sep 25, 2017 term paper 2

THE FOLLOWING INFORMATION ALSO IS KNOWN: A. THE DECEMBER INCOME STATEMENT REPORTED $2,000 IN…

This paper concentrates on the primary theme of THE FOLLOWING INFORMATION ALSO IS KNOWN: A. THE DECEMBER INCOME STATEMENT REPORTED $2,000 IN… in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 40. For more details and full access to the paper, please refer to the site.

The following information also is known:
a. The December income statement reported $2,000 in supplies expense.
b. No insurance payments were made in December.
c. $10,000 was paid to employees during December for salaries and wages.
d. On November 1, 2016, a tenant paid Righter $3,000 in advance rent for the period November through January.
Deferred rent revenue was credited.
Required:
1. What was the cost of supplies purchased during December?
2. What was the adjusting entry recorded at the end of December for prepaid insurance?
3. What was the adjusting entry recorded at the end of December for accrued salaries and wages?
4. What was the amount of rent revenue recognized in December? What adjusting entry was recorded at the end
of December for deferred rent?


0% Plagiarism Guaranteed & Custom Written, Tailored to your instructions


International House, 12 Constance Street, London, United Kingdom,
E16 2DQ

UK Registered Company # 11483120


100% Pass Guarantee

Order Now

STILL NOT CONVINCED?

We've produced some samples of what you can expect from our Academic Writing Service - these are created by our writers to show you the kind of high-quality work you'll receive. Take a look for yourself!

View Our Samples

corona virus stop
FLAT 25% OFF ON EVERY ORDER.Use "FLAT25" as your promo code during checkout