Accountin
Eruhak1
tamplete_1.xlsxCh. 5 Exercises
| E5.1. | Using the provided information, the amount of prepaid insurance is: | ||||
| Premium paid, January 1, 20X1 | |||||
| Insurance expensed in 20X1 | |||||
| Insurance expensed in 20X2 | |||||
| Prepaid insurance at December 31, 20X2 | $0 | ||||
| E5.2. | Using the provided information, the amount of the insurance premium was: | ||||
| E5.3. | Using the provided information, the amount of prepaid rent is: | ||||
| Prepaid rent, October 1, 20X1 | |||||
| Rent expensed Oct-Dec | |||||
| Prepaid rent at December 31, 20X1 | $0 | ||||
| E5.4. | Using the provided information, the necessary adjusting entry is: | ||||
| Accounts and Explanation | Account Number | Debit | Credit | ||
| E5.5. | Using the provided information, the necessary adjusting entry is: | ||||
| Accounts and Explanation | Account Number | Debit | Credit | ||
| E5.6. | Using the provided information, the necessary adjusting entry is: | ||||
| Accounts and Explanation | Account Number | Debit | Credit | ||
| 1) | |||||
| E5.7. | Using the provided information, the necessary adjusting entry is: | ||||
| Accounts and Explanation | Account Number | Debit | Credit | ||
| E5.8. | Using the provided information, the amount paid in cash was: | ||||
| Salaries and wages expense | |||||
| Less accrued salaries and wages 20X2 | |||||
| Balance | $0 | ||||
| Add accrued salaries and wages 20X1 | |||||
| Salaries and wages paid in 20X2 | $0 | ||||
| E5.9. | Using the provided information, the amount of salaries and wages expense is: | ||||
| Salaries and wages paid during 20X2 | |||||
| Less accrued salaries and wages payable 20X1 | |||||
| Balance | $0 | ||||
| Add accrued salaries and wages payable 20X2 | |||||
| Salaries and wages expense in 20X2 | $0 | ||||
| E5.10. | Using the provided information, the amount paid in cash was: | ||||
| Insurance expense 20X2 | |||||
| Less prepaid insurance 20X1 | |||||
| Balance | $0 | ||||
| Add prepaid insurance 20X2 | |||||
| Premiums paid in cash during 20X2 | $0 | ||||
| E5.11. | Using the provided information, the amount of rent expense is: | ||||
| Rent paid in 20X2 | |||||
| Less prepaid rent 20X2 | |||||
| Balance | $0 | ||||
| Add prepaid rent 20X1 | |||||
| Rent expense for 20X2 | $0 |
&"Arial,Italic"&11Chapter 5: Exercises
file:///D:/Chapter%2005/BalanceCh. 5 Problems
| P5.1. | Using the provided information, the necessary adjusting entries are: | ||||
| Accounts and Explanations | Account Number | Debit | Credit | ||
| 1) | |||||
| 2) | |||||
| 3) | |||||
| P5.2. | Using the provided information, the necessary adjusting entries are: | ||||
| Accounts and Explanations | Account Number | Debit | Credit | ||
| 1) | |||||
| 2) | |||||
&"Arial,Italic"&10Chapter 5: Problems
