16 You are required to prepare adjusting entry for accrued salaries on Aug 31 2020 (adjustment for 3 months) * (1 Point)

[answerhappygod]

16 You Are Required To Prepare Adjusting Entry For Accrued Salaries On Aug 31 2020 Adjustment For 3 Months 1 Point 1 (66.98 KiB) Viewed 18 times

16 You are required to prepare adjusting entry for accrued salaries on Aug 31 2020 (adjustment for 3 months) * (1 Point) AL Huda Company opened new business on June 1 with repair electric sets. Its part c trial balance before adjustment on Aug 31, 2020 is as follows. Debit Credit Account Title BD BD Supplies 5,300 Prepaid Insurance 15,000 Building 75,000 Unearned Service Revenues 8,400 Capital 203,900 Utilities Expenses 6,800 Repair Expenses 5,200 Salaries Expenses 26,000 Other data: (the adjustment for 3-months period (June 1 till Aug 31) 1. Insurance expires at the rate of BD400 per month. 2. A count on Dec 31 shows BD3,300 of supplies on hand. 3. Annual depreciation is BD6,000 on building. 4. Unearned services revenues of BD 2,400 were earned prior to Aug 31. 5. Salaries of BD2,100 were unpaid at Aug 31. Debit Salaries Payable BD2,100 and Salaries Expenses BD2,100 Debit Salaries Expenses BD2,100 and Salaries Payable BD2,100 Debit Salaries Expenses BD1,200 and Salaries Payable BD1,200