Prepare Adjusting Entries at year end December 31,2003, for each of the following: ...
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Accounting
Prepare Adjusting Entries at year end December 31,2003, for each of the following:
view Problem red: Frepare ageies, December 31, 2003 for egch sf the follovtng Year and 1. Estimated depreciation on the equ,pment was$6 500 for the year. Acruedwesat1 23 1 were $2000 the end Alawyerreceived $1,500onNovember 1,fr reemont sservices remedSernceFes were credited for the amount received The Prepaid Insurance account has a balance of$800. has expired by December 31 Insurance account has a balance of $800: It is estizmated thart $350, of Ris tat 5 6.. The Supplies account has a balanceofS1.3-Su pliesonhando nDecember31 7. On September 1, the company paid 6 month's rent in advance on a warehouse and debited Prepaid Rent for $6,000 8. At the end of December,$500 in services have been earned, but not recorded 9. The company uses the allowance method for recording bad debts. On December 31, the wance account has a $100 credit balance. The company estimates that 1% of its SSO,000 in will be uncollectible. 0. d V0o0120 have been made to date for accrued interest The general ledger shows a ss,000, 10%, one-yearroterecevable daar ST.Noea es- been made to date for accrued interest. 11. 35o (re 4,000
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