Answer: I)Accrued ReVenue /Service Revenue.
2.-Prepaid Expenses/ Insurance Expenses
3.No Entry
4.Prepaid expenses /depreciation expense
5.Accrued Interest payable/Interest Expenses
6.Accrued expenses/ Interest expenses.
7.Unearned expenses/ Service Revenue
Explanation:The type of adjusting entry/ the related account in the adjusting entry is given below
a)For Accounts Receivable---Accrued ReVenue /Service Revenue.
(b) For Prepaid Insurance---Prepaid Expenses/ Insurance Expenses
(c) Equipment ---- Equipment Exoenses. Equipment is a long-term asset that will not last so the cost of equipment is recorded in the account Equipment. No entry is needed in this account.
(d) For Accumulated Depreciation Equipment-----Prepaid expenses /depreciation expense
e) Notes Payable : Accrued Interest payable/ Interest Expenses
(f) Interest Payable--- Accrued expenses/ Interest expenses
(g) Unearned Service Revenue--Unearned expenses/ Service Revenue
Answer:
Explanation:
dang u expect us to do that nooos
if 1500+0.75y+500+g =(g)+(0.75y)+(1500+500) the simplified answer would be
=g+0.75y+2000
Answer:
d
Explanation:
d,b,c I hope d is answer but not sure
Answer:
$60,000
Explanation:
Given:
Purchase Price = $300,000
Estimated Life = 10 Year
Residual Value = $50,000
Method = Double-Declining-balance
Computation:
Rate of Depreciation = [(Price - Residual value) / Estimated year] / (Price - Residual value)
= [($300,000 - $50,000) / 10] / ($300,000 - $50,000)
= $25,000 / $250,000
= 0.1 or 10%
Under Double-Declining-balance rate = 10% x 2 = 20%
Depreciation = Purchase price x deprecation rate
= $300,000 x 20%
= $60,000