QUESTION2. The following is a partial unadjusted Trial balance Unadjusted Trial
ID: 2396850 • Letter: Q
Question
QUESTION2. The following is a partial unadjusted Trial balance
Unadjusted Trial Balance (partial)
1/31/16
ACCOUNTS :
DEBIT
CASH $32,527
Prepaid insurance 1,800
Insurance expense 0
CREDIT NONE
On, January 1, 2016, Bravo Unlimited purchased a 9month motor vehicle insurance policy for $1,800. Use this information to prepare the Adjusting General Journal entry (without explanation) for January. If no entry is required then write "No Entry Required."- 2.Bravo Unlimited provided accounting services, valued at $5,000, to its clients during the month of January 2016. Formal bills are sent to clients during the first week following the month in which services are provided. Use this information to prepare the General Journal entry (without explanation) for the required end of the month adjustment. If no entry is required then write "No Entry Required." . .
QUESTION 3 (11 points)
The following is a partial unadjusted Trail Balance.
BravoUnlimited
Unadjusted Trial Balance (partial) 3
/31/16
Accounts
DEBIT Cash $27,500 P
repaid Expenses 600
CREDIT
Accounts Payable $15,000
The Prepaid Expenses relate to the machine rent that Bravo pays in February for March. Use this information to prepare the Adjusting General Journal entry (without explanation) for March. Question 4 (11 points) The following is a partial unadjusted Trial Balance. Bravo Unlimited Unadjusted Trial Balance (partial) 2/29/16
Explanation / Answer
Accounts title and explanation Debit $ Credit $ Insurance Expense Account Dr. 200 Prepaid insurance 200 Accounts receivable Account Dr. 5000 Service revenue 5000 Machine rent expense Account Dr. 600 Prepaid expense Account 600