Trying to understand these previously recorded transactions can anyone break them down for me. Thanks
Debit 3,000 to Amorization Expense Credit 3,000 to Accumulated Amortization
Debit 2,00 to unearned professional fees Credit 2,00 to Profressional fees earned
Debit Rent Expense 1,000, Credit 1,000 to Prepaid Rent
Debit Interest Expense 4,000, Credit Interest Payable
Debit Prepaid rent 3,500, Credit Cash 3,500
Debit Salaries expense 5,000, Credit Salaries Payable 5,000
Debit Insurance expense 6,000, Credit Prepaid Insurance 6,000
2007-06-15
05:54:29
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1 answers
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Anonymous