Birch park senior center has a weekly payroll of 12500

Requirement 1. Record the journal entry for the September 1 payment. ​(Record debits​ first, then credits. Select the explanation on the last line of the journal entry​ table.)

Requirement 2. Record the adjusting entry required at September 30.

​(Record debits​ first, then credits. Select the explanation on the last line of the journal entry​ table.)

Requirement 3. Using​ T-accounts, post the journal entry and adjusting entry to the accounts involved and show their balances at September 30. ​(Ignore the Cash​ account.)

Post the journal entry and adjusting entry to the two accounts using the dates as posting​ references, and then calculate and enter the ending balance of the accounts using a​ "Bal." posting reference.

On November​ 1, Carlisle Equipment had a beginning balance in the Office Supplies account of

$ 600. During the​ month, Carlisle purchased $ 2,300 of office supplies. At November​ 30, Carlisle Equipment had $ 500 of office supplies on hand.

Requirement 1. The Office Supplies​ T-account has been opened for you. Enter the beginning balance and purchase of office supplies. ​(Use "Nov.​ 1" as a posting reference to enter the beginning balance and​ "Nov. purchases" as a posting reference to post the purchase of office supplies during the​ month.)

Requirement 2. Record the adjusting entry required at November 30. ​(Record debits​ first, then credits. Select the explanation on the last line of the journal entry​ table.)

Requirement 3. Post the adjusting entry to the two accounts involved and show their balances at November 30.

Select the account name of the other account affected by the Office Supplies adjustment. Post the adjustment to the two accounts using a​ "Nov. 30" posting​ reference, and then calculate and enter the ending balance of the accounts using a​ "Bal." posting reference.

On October ​1, Orlando Gold Exchange paid cash of $ 57,600 for computers that are expected to remain useful for three years. At the end of three ​years, the value of the computers is expected to be zero.

Requirement 1. Calculate the amount of depreciation for the month of October using the​ straight-line depreciation method. Begin by selecting the​ labels, than enter the amounts and compute the amount of depreciation for the month of October.

​(Abbreviation used; Acc. Depreciation​ = Accumulated Depreciation. Enter a​ "0" for any zero​ balances.)

Requirement 2. Record the adjusting entry for depreciation on October 31. ​(Record debits​ first, then credits. Select the explanation on the last line of the journal entry​ table.)

Requirement 3. Post the purchase of October 1 and the depreciation on October 31 to​ T-accounts for the following​ accounts: Computer​ Equipment, Accumulated Depreciationlong dash Computer ​Equipment, and Depreciation Expenselong dash Computer Equipment. Show their balances at

October 31. ​(Use dates as posting references to post the transactions. Use a​ "Bal." posting reference to show the ending balance of each​ account.)

Requirement 4. Calculate the computer​ equipment's book value at October 31.

Magazine collects cash from subscribers in advance and then mails the magazines to subscribers over a​ one-year period.

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Requirement 1. Record the journal entry to record the original receipt of $ 180,000 cash. ​(Record debits​ first, then credits. Select the explanation on the last line of the journal entry​ table.)

Requirement 2. Record the adjusting entry that Eastside Magazine makes to record the earning of

$ 8,000 of subscription revenue that was collected in advance. ​(Record debits​ first, then credits. Select the explanation on the last line of the journal entry​ table.)

Requirement 3. Using​ T-accounts, post the journal entry and adjusting entry to the accounts involved and show their balances after adjustments.​ (Ignore the Cash​ account.) ​(Use a​ "Bal." posting reference to show the ending balance on the appropriate side of each​ account.)

Park Senior Center has a weekly payroll of $ 12,500. December 31 falls on Wednesday​, and

Birch Park Senior Center will pay its employees the following Monday​ (January 5​) for the previous full week. Assume Birch Park Senior Center has a​ five-day workweek and has an unadjusted balance in Salaries Expense of $ 620,000.

Requirement 1. Record the adjusting entry for accrued salaries on December 31. ​(Record debits​ first, then credits. Select the explanation on the last line of the journal entry​ table.)

Requirement 2. Post the adjusting entry to the accounts​ involved, and show their balances after adjustments.

Post the adjustment to the two accounts using a​ "Dec. 31" posting​ reference, and then calculate and enter the ending balance of the accounts using a​ "Bal." posting reference on the appropriate side of each account.

Requirement 3. Record the journal entry for payment of salaries made on January 5.

​(Record debits​ first, then credits. Select the explanation on the last line of the journal entry​ table.)

Travel borrowed $ 33,000 on September ​1, 2018​, by signing a​ one-year note payable to State One Bank. Resort​'s interest expense on the note payable for the remainder of the fiscal year

​(September through November​) is $ 355

Requirements

1.

Record the adjusting entry to accrue interest expense at

November 30, 2018.

2.

Post the adjusting entry to the​ T-accounts of the two accounts affected by the adjustment.

Requirement 1. Record the adjusting entry to accrue interest expense at November 30​, 2018

​(Record debits​ first, then credits. Select the explanation on the last line of the journal entry​ table.)

Requirement 2. Post the adjusting entry to the​ T-accounts of the two accounts affected by the adjustment.

Post the adjustment to the two accounts using a ​"Nov. 30​" posting​ reference, and then calculate and enter the ending balance of the accounts using a​ "Bal." posting reference.

At the end of​ June, Gerber Dental had performed $ 9,000 of dental services but has not yet billed customers. Record the adjusting entry for accrued revenue. ​(Record debits​ first, then credits. Select the explanation on the last line of the journal entry​ table.)

Consider the following independent situations at December​ 31:

Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries. ​(Record debits​ first, then credits. Select the explanation on the last line of the journal entry​ table.)

a. On July ​1, a business collected $ 6,000 rent in​ advance, debiting Cash and crediting Unearned Revenue. The tenant was paying one​ year's rent in advance. At December​ 31, the business must account for the amount of rent it has earned.

b. Salaries expense is $ 1,700 per daylong dash Monday through Friday long dash and the business pays employees each Friday. This year December 31 falls on a Thursday

c. The unadjusted balance of the Office Supplies account is $ 3,300.

Office supplies on hand total $ 1.400

d. Equipment depreciation was $ 450

e. On October ​1, when the business prepaid $ 6.600 for a​ two-year insurance​ policy, the business debited Prepaid Insurance and credited Cash.

Consider the following situations for Galestown Welding​ Services:

Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries. ​(Record debits​ first, then credits. Select the explanation on the last line of the journal entry​ table.)

a. Depreciation for the current year includes​ Equipment, $ 2,900

b. Each​ Monday, Galestown pays employees for the previous​ week's work. The amount of weekly payroll is $ 2.100 for a​ seven-day workweek​ (Monday to​ Sunday). This​ year, December 31 falls on Thursday.

. The beginning balance of Office Supplies was $ 2,000. During the​ year, Galestown purchased office supplies for $ 3,200​, and at December 31 the office supplies on hand totaled $ 2,000.

​(Assume that Galestown debits an asset account when supplies are​ purchased.)

d. Galestown prepaid a two full​ years' insurance on July 1 of the current​ year, $ 5,760.

Record insurance expense for the year ended December 31. ​(When the policy was purchased on

July ​1, assume that Galestown debited an asset​ account.)

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