Web2. Fees earned but not yet received. 3. Fees received but not yet earned. 4. Salary owed but not yet paid. 5. Subscriptions received in advance by a magazine publisher. 6. Supplies on hand. 7. Taxes owed but payable in the following period. 8. Utilities owed but not yet paid., The following accounts were taken from the unadjusted trial balance ... WebStep 1: Firstly, when the company recognizes the salaries of all the employees on an accrual basis, i.e., the salaries expenses have been booked but not yet paid, the journal entry …
Solved: A Type of adjustmentClassify the following items as (1) pr ...
WebJun 3, 2024 · Accrued salaries refers to the amount of liability remaining at the end of a reporting period for salaries that have been earned by employees but not yet paid to … Web1. A two-year premium paid on a fire insurance policy . 2. Fees earned but not yet received . 3. Fees received but not yet earned. 4. Salary owed but not yet paid. 5. Subscriptions … competitive edge tents
4.6: Practice Questions - Business LibreTexts
WebSalary owed but not yet paid. accrued expense. Subscriptions received in advance by a magazine publisher. Unearned revenue. Supplies on hand. prepaid expense. Taxes owed but payable in the following period. Accrued expense. Utilities owed but not yet paid. Accrued expense. Accounts Receivable. Normally requires adjustment (AR). WebDec 2, 2024 · The following adjusting entries were then made for: Salaries and wages owed but not yet paid of $795. Interest earned but not received from investments of $755. … WebA 1. A two-year premium paid on a fire insurance policy C 2. Electric bill owed but not yet paid C 3. Office Supplies on hand C 4. Wages owed but not yet paid C 5. Telephone bill owed but payable in the following period B 6. Subscriptions collected in advance by a newspaper publisher B 7. Service Revenue collected but not yet earned D 8. competitive edge south tampa