Home / Expert Answers / Accounting / record-adjusting-journal-entries-for-each-separate-case-below-for-year-ended-december-31-assume-no-pa914

(Solved): Record adjusting journal entries for each separate case below for year ended December 31. Assume no ...




Record adjusting journal entries for each separate case below for year ended December 31.
Assume no other adjusting entries a
Journal entry worksheet
The Krug Company collected \( \$ 12,000 \) rent in advance on November 1, debiting Cash and crediting
Journal entry worksheet
The company charges \( \$ 125 \) per insect treatment. A customer paid \( \$ 500 \) on October 1 in a
Journal entry worksheet
On September 1 , a client paid the company \( \$ 36,000 \) cash for six months of rent in advance and
Record adjusting journal entries for each separate case below for year ended December 31. Assume no other adjusting entries are made during the year. 0. Uneorned Rent Revenue. The Krug Company collected rent in advance on November 1, debating Cash and crediting Unearned Rent Revenue. The tenant was paying 12 months' rent in advance and occupancy began November 1. b. Uneorned Services Revenue. The company charges per insect treatment. A customer paid on October 1 in advance for four treatments, which was recorded with a debit to Cash and a credit to Unearned Services Revenue. At year-end, the company has applied three treatments for the customet. c. Unearned Rent Revenue. On September 1, a client paid the company cash for six months of rent in advance and took occupancy immediately. The company recorded the cash as Uneamed Rent Revenue. Journal entry worksheet The Krug Company collected rent in advance on November 1, debiting Cash and crediting Unearned Rent Revenue, The tenant was paying 12 months' rent in advance and occupancy began November 1. Noter Enter debits before credits. Journal entry worksheet The Krug Company collected rent in advance on November 1, debiting Cash and crediting Unearned Rent Revenue. The tenant was paying 12 months' rent in advance and occupancy began November 1. Note: Enter debits before credits. Journal entry worksheet The company charges per insect treatment. A customer paid on October 1 in advance for four treatments, which was recorded with a debit to Cash and a credit to Unearned Services Revenue. At year-end, the company has applied three treatments for the customer. Note: Enter debits before credits. Journal entry worksheet On September 1 , a client paid the company cash for six months of rent in advance and took occupancy immediately. The company recorded the cash as Unearned Rent Revenue. Note: Enter debits before credits.


We have an Answer from Expert

View Expert Answer

Expert Answer



Preparing journal entries for each of the following for the year ended December 31.

a.



Calculation:

Collected rent in advance on November 1 for 12 months =$12,000
As per given information, year ended at December 31
So,
Rent revenue for 2 months (From Novem...
We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe