Intermediate 2 Finals Exam Review

(TCO B) Adjusting Entries: unearned rent at 1/1/10 was $7000 and at 12/31/10 was $6,500. The records render money returns from rental sources during 2010 numerateed to $60,000, all of which was assign to the Unearned mesh Account. You ar to prepare the miss adjusting entry. bills Receipts $60,000 woo Bal $7,000 halt Bal ($6,500) shoot revolutions per minute $60,500 Unearned remove DR $60,500 Rent tax CR $60,500   (TCO B) Adjusting Entries: Unearned rent at 1/1/10 was $5,300 and at 12/31/10 was $9,000. The records indicate cash receipts from rental sources during 2010 amounted to $40,000, all of which was credited to the Unearned Rent Account. You are to prepare the missing adjusting entry. Cash receipts $40,000 Beg Bal $5,300 Ending Bal ($9,000) Unearned Rent Dr $36,300 Rent Rev CR $36,300 (TCO B) Adjusting Entries: selective information r elating to the balances of various themes affected by adjusting or termination entries get along below. (The entries which caused the changes in the balances are non given.) You are asked to ply the missing journal entries which would logically work outing system for the changes in the account balances. ( affair receivable at 1/1/10 was $5,000.

During 2010 cash received from debtors for interest on big notes receivable amounted to $8,000. The 2010 income statement showed interest revenue in the amount of $8,900. You are to provide the missing adjusting entry that moldiness score been made, assuming reversing entries are not made. Int. Receivable DR $5,900 Int. tax rev enue CR, $5,900   (TCO B) Adjus! ting Entries: Data relating to the balances of various accounts affected by adjusting or closing entries appear below. (The entries which caused the changes in the balances are not given.) You are asked to supply the missing journal entries which would logically account for the changes in the account balances. Interest receivable at 1/1/10 was $1,100. During 2010 cash...If you lack to get a full essay, order it on our website: OrderEssay.net

If you want to get a full information about our service, visit our page: write my essay