c****a
发帖数: 3173 | 1 July 2 received a six- month insurance policy renewal from General Insurance
Co.for $1200, paid immediately, check number 72. Jen recorded the first six
-month policy as Insurance Expense, but you think it is better to record it
as Prepaid Insurance on payment, and then adjust it at the end of each month.
July 3 received a six-month advertising reneewal from Ray Vill Advertising
Agency for $900, paid immediately, Check number 73. Jen also recorded the
previous advertising as Advertising Expense, but like the insurance policy
you will record it as Prepaid Advertising on payment, and then adjust it at
the end of each month.
Record the following adusting journal entries for July 31,2013. Number the
adjusting journal entries AJE1, AJE2, and so on"
a. Record one month of insurance expense
b. Record one month of advertising expense
It's my project on quickbooks. Pls help. Thanks. | y*****a
发帖数: 1598 | 2 a. Insurance Expense 200
Prepaid Insurance 200
b. Advertising expense 150
Prepaid Advertising 150 | c****a
发帖数: 3173 | 3 why the number is 200 and 150?
July 2 debit prepaid insurance 1200
credit cash 1200
then, at the end of month debit insurance expense 100
credit prepaid insurance 100
so I still can not figure it out. 55555 | m******g
发帖数: 498 | 4 6个月，不是12个月。。。。
【在 c****a 的大作中提到】
: why the number is 200 and 150?
: July 2 debit prepaid insurance 1200
: credit cash 1200
: then, at the end of month debit insurance expense 100
: credit prepaid insurance 100
: so I still can not figure it out. 55555
| c****a
发帖数: 3173 | 5 wow, thanks milugong.
Sometimes I am so silly, right?
:(
【在 m******g 的大作中提到】
: 6个月，不是12个月。。。。
| m******g
发帖数: 498 | 6 I made the same mistake many times until I started to pay my own car
insurance:)
【在 c****a 的大作中提到】
: wow, thanks milugong.
: Sometimes I am so silly, right?
: :(
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