Brief Exercise 4-02he ledger of Cullumber Company includes the following unadjusted balances: Prepaid Insurance $4,300, Service Revenue $56,700, and Salaries and Wages Expense $24,200. Adjusting entries are required for (a) expired insurance $1,60o, (b) services performed1,900 are billed and not yet collected, and (c) accrued salaries payable $800.Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts.LENTZ COMPANYWorksheetTrial BalanceAdjustmentsAdjusted Trial BalanceIncome StatementBalance SheetAccount TitlesDr.Cr.Dr.Cr.Dr.Cr.Dr.Cr.Dr.Cr.Frepaid InsuranceService RevenueSalaries and Wages ExpenseAccounts ReceivableSalaries and Wages Payablensurance ExpenseClick if you would like to Show Work for this question: Open Show WorkLINK TO TEXTQuestion Attempts: UnlimitedSUBMIT ANSWERSAVE FOR LATERActivate WindowsGo to Settings to activate Windows.7:08 PMarch4/1/2021

adjusting journal entry for expires insurance = insurance expense account debit </p><p>…

he ledger of Cullumber Company includes the following unadjusted balances: Prepaid Insurance $4,300, Service Revenue $56,700, and Salaries and Wages Expense $24,200. Adjusting entries are required for (a) expired insurance $1,600, (b) services performed 1,900 are billed and not yet collected, and (c) accrued salaries payable $800. nter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts. LENTZ COMPANY Worksheet Adjustments Trial Balance Adjusted Trial Balance Income Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. repaid Insurance ervice Revenue alaries and Wages Expense ccounts Receivable alaries and Wages Payable msurance Expense lick if you would like to Show Work for this question: Open Show Work LINK TO TEXT

he ledger of Cullumber Company includes the following unadjusted balances: Prepaid Insurance $4,300, Service Revenue $56,700, and Salaries and Wages Expense $24,200. Adjusting entries are required for (a) expired insurance $1,600, (b) services performed 1,900 are billed and not yet collected, and (c) accrued salaries payable $800. nter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts. LENTZ COMPANY Worksheet Adjustments Trial Balance Adjusted Trial Balance Income Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. repaid Insurance ervice Revenue alaries and Wages Expense ccounts Receivable alaries and Wages Payable msurance Expense lick if you would like to Show Work for this question: Open Show Work LINK TO TEXT

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter16: Accounting For Accounts Receivable

Section: Chapter Questions

Problem 8SPB: UNCOLLECTIBLE ACCOUNTSALLOWANCE METHOD Lewis Warehouse used the allowance method to record the...

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Question Content Area After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $702,763 and Allowance for Doubtful Accounts has a balance of $22,123. What is the net realizable value of the accounts receivable? a. $702,763 b. $680,640 c. $724,886 d. $22,123
akeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false A summary of selected ledger accounts appears as follows for Alberto's Plumbing Services for the current calendar year-end. Alberto, Capital 12/31 Clos. 8,283 1/1 Bal. 6,758 12/31 Clos. 13,336 Alberto, Drawing 6/30 2,543 12/31 Clos. 8,283 11/30 5,740 Net income for the period is Oa, $20.412 Ob. S33,748 Oc. $13,336 Od. $6,758 Ne Previous
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