- office supplies wholesale
- journal of hospital infection
I'm usually not this bad at journal entries but I am just drawing a blank on these three questions. Please help me out.
Question 1 On Jan 1, Zhou Corp paid 1200 for a one-year insurance policy. Assuming a fiscal year ending June 30, what adjusting journal entry would be required on June 30, 2013 if no prior adjusting entry had been made for the insurance policy?
Question 2 Zhou Corp received an advance payment of 6000 on March 1 for six months of rent from a tenant. Again assuming the fiscal year ending June 30, what adjusting journal entry would be required on June 30, 2013 if no prior adjusting entry has been made
Question 3 Zhou's Office Supplies account has a balance of 600 at June 30, 2013 before adjustment. If an inventory of the storeroom included only 200 of office supplies what adjusting journal entry is required
Any input is greatly appreciated. Thank You.
Question 1 On Jan 1, Zhou Corp paid 1200 for a one-year insurance policy. Assuming a fiscal year ending June 30, what adjusting journal entry would be required on June 30, 2013 if no prior adjusting entry had been made for the insurance policy?
Question 2 Zhou Corp received an advance payment of 6000 on March 1 for six months of rent from a tenant. Again assuming the fiscal year ending June 30, what adjusting journal entry would be required on June 30, 2013 if no prior adjusting entry has been made
Question 3 Zhou's Office Supplies account has a balance of 600 at June 30, 2013 before adjustment. If an inventory of the storeroom included only 200 of office supplies what adjusting journal entry is required
Any input is greatly appreciated. Thank You.
Accounting Homework Question (Journal Entries)?
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