Question

Indicate the accounts to be debited and credited to record theselected adjusting entrie described below by inserting the letterdesignations in the appropriate columns.

A. Acccounts receivable

B. Accumulated depreciation

C. Depreciation expense

D. Equipment

E. Insurance exspnse

F. Prepaid insurance

G. Prepaid rent

H. Prepaid taxes

I. Professional fees

J. Rent expense

K. Rent revenue

L. Supplies

M. Supplies exspense

N. Taxes exspense

O. Unearned rent

P. Wages expense

Q. Wage payable

Description

Debit

Credit

Adjust for unearned rent earned during the period

O

K

Adjust for wages accrued at the end of the period

 

 

Adjust for depreciation for equipment for the period

 

 

Adjust for prepaid insurance expired during the period

 

 

Adjust for supplies used during the period

 

 

Adjust for rent accured at the end of the period on propertyrented to others

 

 

Adjust for professionals fees accrued at the end of theperiod

 

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *