I am working on a 10-column work sheet, I have been given all of the unadjusted trial balances.......then I am given the following information to insert into the adjustments, All I need is for someone to help tell me if these transactions are debits or credits.....
The June 30, 2004, credit balance of the owner’s capital account was $52,660, Owner invested $25,000
a) Supplies left at end of 2005 had a cost of $3,200
b)Cost of expired insurance=$3,900
c)Annual Depreciation on Equipment=$8,500
d). The June utilities expense of $550 is not included in the unadjusted trial balance, needs to be recorded
e)Employees accrued wages=$1,600
f)Rent expense incurred but not yet paid=$200
g)Additional property taxes of $900 have been assessed for this fiscal year but have not been paid or recorded in the accounts
h). Long-term note payable has 1% interest per month. Unadjusted trial includes payment for first 11 months. $240 unpaid, $5,000 required payment
2007-10-22
12:47:07
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1 answers
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asked by
wastedmemoriez
1
in
Business & Finance
➔ Personal Finance