Acct excel problems

stice19_student_02-38.xlsx

02-38

02-38			Name:
	To enter the journal entries, enter account titles from the drop-down lists in the blue-shaded cells in
	columns D and E, and enter appropriate amounts in the blue-shaded cells in columns H and J.
	The word "Wrong" will appear to the left of an incorrect entry.
		General Journal		Debit	Credit
		Adjusting Entries
	(a)

	(b)

	(c)

	(d)

	(e)

	(f)

	(g)

02-38				Name:	Solution
	To enter the journal entries, enter account titles from the drop-down lists in the blue-shaded cells in columns
	D and E, and enter appropriate amounts in the blue-shaded cells in columns H and J.
	The word "Wrong" will appear to the left of an incorrect answer.
			General Journal		Debit	Credit
			Adjusting Entries
	(a)	Bad Debt Expense			2,220
			Allowance for Bad Debts			2,220
	(b)	Interest Receivable			700
			Interest Revenue			700
	(c)	Discount on Notes Payable			900
			Interest Expense			900
	(d)	No entry required			- 0
			No entry required			- 0
	(e)	Salaries and Wages Expense			700
			Salaries and Wages Payable			700
	(f)	Discount on Notes Receivable			500
			Interest Revenue			500
	(g)	Unearned Rent Revenue			5,200
			Rent Revenue			5,200