Doesn't provide separate adjusting entry scenarios, supposed to find them based on partial worksheet ...
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Doesn't provide separate adjusting entry scenarios, supposed to find them based on partial worksheet
he following partial work sheet covers the affairs of Masanto and Company for the year ended June 30. Purchases 399,101.00 Purchases Returns and Allowances Purchases Discounts Freight In Salary Expense Delivery Equipment Expense Supplies Expense Miscellaneous Expense Income Summary Salaries Payable Insurance Expense Depreciation Expense, Delivery Equipment Depreciation Expense, Store Equipment Net Income 9,600.006,800.00 14,000.00 46,000.00 10,600.00 2,700.00 1,459.00 112,200.00116,400.00 1,240.00 \begin{tabular}{rrrr} 1,400.00 & & \\ 2,600.00 & & & \\ \hline 592,900.00 & 648,800.00 & 298,460.00 & 242,560.00 \\ 55,900.00 & & 55,900.00 \\ \hline 648,800.00 & 648,800.00 & 298,460.00 & 298,460.00 \\ \hline \end{tabular} Joumalize the six adjusting entries. June 30 June 30 June 30 2. Joumalize the closing entries. If an amount box does not require an entry, leave it blank. June 300 3. Journalize the reversing entry as of July 1 , for the salaries that were accrued in the June adjusting entry
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