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Delphi Desk,Inc

Question 84

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Delphi Desk,Inc.has the following unadjusted balances at December 31,2011:
Delphi Desk,Inc.has the following unadjusted balances at December 31,2011: Part A: In the worksheet below,record the effect of these five adjustments on the accounting equation for the year ended December 31,2011.Show the correct dollar amounts,and write in the titles of the accounts affected. 1.$1,000 of the prepaid insurance has now expired 2.$3,200 of the rental income has not yet been earned. 3.The company must accrue $1,250 of salaries expense. 4.The company received a $300 bill for merchandise received in late December but not yet recorded. 5.The company has earned $300 of interest income,not yet received or recorded. Part B: Fill in the adjusted balances as of December 31,2011.Some of the accounts that have been adjusted are not included in this table. Part A: In the worksheet below,record the effect of these five adjustments on the accounting equation for the year ended December 31,2011.Show the correct dollar amounts,and write in the titles of the accounts affected.
1.$1,000 of the prepaid insurance has now expired
2.$3,200 of the rental income has not yet been earned.
3.The company must accrue $1,250 of salaries expense.
4.The company received a $300 bill for merchandise received in late December but not yet recorded.
5.The company has earned $300 of interest income,not yet received or recorded.
Delphi Desk,Inc.has the following unadjusted balances at December 31,2011: Part A: In the worksheet below,record the effect of these five adjustments on the accounting equation for the year ended December 31,2011.Show the correct dollar amounts,and write in the titles of the accounts affected. 1.$1,000 of the prepaid insurance has now expired 2.$3,200 of the rental income has not yet been earned. 3.The company must accrue $1,250 of salaries expense. 4.The company received a $300 bill for merchandise received in late December but not yet recorded. 5.The company has earned $300 of interest income,not yet received or recorded. Part B: Fill in the adjusted balances as of December 31,2011.Some of the accounts that have been adjusted are not included in this table. Part B: Fill in the adjusted balances as of December 31,2011.Some of the accounts that have been adjusted are not included in this table.
Delphi Desk,Inc.has the following unadjusted balances at December 31,2011: Part A: In the worksheet below,record the effect of these five adjustments on the accounting equation for the year ended December 31,2011.Show the correct dollar amounts,and write in the titles of the accounts affected. 1.$1,000 of the prepaid insurance has now expired 2.$3,200 of the rental income has not yet been earned. 3.The company must accrue $1,250 of salaries expense. 4.The company received a $300 bill for merchandise received in late December but not yet recorded. 5.The company has earned $300 of interest income,not yet received or recorded. Part B: Fill in the adjusted balances as of December 31,2011.Some of the accounts that have been adjusted are not included in this table.

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