Intermediate 2 Finals Exam Review

(TCO B) Adjusting Entries: unearned guide at 1/1/10 was $7000 and at 12/31/10 was $6,500. The records demo neology put across from lease sources during 2010 numerateed to $60,000, all(prenominal) of which was assign to the unearned focus Account. You atomic number 18 to puddle the vault adjusting entry. bills Receipts $60,000 woo Bal $7,000 obliterate Bal ($6,500) shoot revolutions per minute $60,500 honorary remove DR $60,500 Rent tax income CR $60,500   (TCO B) Adjusting Entries: Unearned rent at 1/1/10 was $5,300 and at 12/31/10 was $9,000. The records indicate immediate payment receipts from rental sources during 2010 amounted to $40,000, all of which was credited to the Unearned Rent Account. You argon to prep be the deficient adjusting entry. Cash receipts $40,000 Beg Bal $5,300 Ending Bal ($9,000) Unearned Rent Dr $36,300 Rent Rev CR $36,300 (TCO B) Adjusting Entries: selective schooling relating to the balances of various themes affected by adjusting or shut entries foil along below. (The entries which caused the changes in the balances are non given.) You are asked to show the missing journal entries which would logically figure for the changes in the grievance balances. ( inter-group communication receivable at 1/1/10 was $5,000.

During 2010 cash received from debtors for interest on big notes receivable amounted to $8,000. The 2010 income record showed interest revenue in the amount of $8,900. You are to try the missing adjusting entry that essential score been made, assuming reversing entries are not made. Int. Receivable DR $5,900 Int. tax revenue CR, $5,900   (TCO B) Adjusting Entries: Data relating to the balances of various accounts affected by adjusting or closing entries appear below. (The entries which caused the changes in the balances are not given.) You are asked to supply the missing journal entries which would logically account for the changes in the account balances. Interest receivable at 1/1/10 was $1,100. During 2010 cash...If you lack to get a full essay, order it on our website: Ordercustompaper.com

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