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1413 Assignment No 1 Solution 2022-AIOU Autumn-Adjustment entries analysis

2024-08-19 27 Dailymotion

1413 Assignment No 1 Solution 2022-AIOU Autumn-Adjustment entries analysis<br /><br />Q.3 For each type of adjustment listed, indicate whether it is an unrecorded receivable, an unrecorded liability, an unearned revenue, or a prepaid expense at December31, 2012.<br />1. Property taxes that are for the year 2012 but are not to be paid until 2013. <br />2. Rent revenue earned during 2012, but not collected until 2013.<br />3. Salaries earned by employees in December 2012, but not to be paid until January 5, 2013.<br />4. An insurance premium paid on December 29,2012, for the period January 1,2013 to December 31, 2013. <br />5. Gasoline charged on a credit card during December 2012. The bill will not be received until January 15, 2013. <br />6. Interest on a certificate of deposit held during 2012. The interest will not be received until January 7, 2013. <br />7. A deposit was received on December 15, 2012, for the rental of storage space. The rental period if from January 1, 2013, to December 31, 2013. <br />

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