We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Accounting Paper Essay Sample

essay
The whole doc is available only for registered users OPEN DOC

A limited time offer!

Get a custom sample essay written according to your requirements urgent 3h delivery guaranteed

Order Now

Accounting Paper Essay Sample

FIron River Company will need to have the following adjusting journal entries as

April 30,2008:

a.) Fees earned but unbilled on April 30 were $1,775.

Accounts Receivable                                                             $1,775

        Fees Earned                                                                             $ 1,775

              To record Fees earned but unbilled on April 30

b.)Supplies on hand on April 30 were $1,200.

  Supplies Expense                                                     $ 4,200

               Supplies                                                                                     $ 4,200

                   To reflect the correct balance of supplies of hand

c.)Depreciation of equipment was estimated to be $4,100 for the year.

Depreciation Expense – Equipment                          $4,100

       Accumulated Depreciation Expense- Equipment                      $4,100

d.)The balance in unearned fees represented the April 1 receipt in advance for services to be provided. Only $1,750 of the services was provided between April 1 and April 30.

  Unearned Fees                                                         $1,750

            Earned Fees                                                               $1,750

                        To reflect the correct balance of Unearned Fees

e.)Unpaid wages accrued on April 30 were $600.

Wages Expense                                                           $600.

      Wages Expense Payable                                                                    $600

               To record unpaid wages

References:

Kimmel, P. et al. (1998) Financial Accounting: Tools for Business Decision Making, John Wiley, USA

We can write a custom essay

According to Your Specific Requirements

Order an essay
Get Access To The Full Essay
icon
300+
Materials Daily
icon
100,000+ Subjects
2000+ Topics
icon
Free Plagiarism
Checker
icon
All Materials
are Cataloged Well

Sorry, but copying text is forbidden on this website. If you need this or any other sample, we can send it to you via email.

By clicking "SEND", you agree to our terms of service and privacy policy. We'll occasionally send you account related and promo emails.
Sorry, but only registered users have full access

How about getting this access
immediately?

Become a member

Your Answer Is Very Helpful For Us
Thank You A Lot!

logo

Emma Taylor

online

Hi there!
Would you like to get such a paper?
How about getting a customized one?

Can't find What you were Looking for?

Get access to our huge, continuously updated knowledge base

The next update will be in:
14 : 59 : 59
Become a Member