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Adjusting Entries Accounting question!?
So it's been a year and a half since I've taken accounting and my friend was asking my help for these 3 entries and I can't remember how to do them. This is all the info she sent me. She has the additional info on her that she can plug in but she just wants to know what the journal entries would be and how you set them up/find the numbers, etc.
A1. Balance in plant supplies at year end: $0. Balance in office supplies at year end: $7,000
A2. Income taxes accrued $120,000. This is to be paid March 15, 2013.
A3. Office Salaries accrued $20,000. Wages accrued $15,000.
1 Answer
- SandyLv 78 years agoFavorite Answer
Can you ask your friend for the balance of plant supplies and office supplies per the records? We have only the amounts on hand, and we can't give you the adjusting entry like this.
Also, what is the year-end? I assume Dec 31, 2012?
