Read the Description of Following Adjustments That Are Required at the End

question 11

Essay

Read the description of following adjustments that are required at the end of the accounting period for Anise's Repair Services. Record the necessary adjusting entries required at the end of January on page 2 of a general journal. Omit the descriptions.
A. Prepaid rent for the year on January 1, 2019. Rent expired during the month of January 2019,
$1,600.
B. Purchased supplies for $4,000 on January 1, 2019. Inventory of supplies was $1,200 on January 31, 2019.
C. Depreciation is computed using the straight-line method. Equipment purchased on January 1, 2019, for $3,000 has an estimated useful life of 5 years with no salvage value.
D. Signed a 3-month contract for $450 of prepaid advertising on January 1, 2019.

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Definitions:

Data Structure

An organized method of storing and organizing data in a computer so that it can be accessed and modified efficiently.

User-Defined

Pertains to features, functions, or data specified or created by the user, as opposed to being predefined by software or hardware.

Subroutine

A sequence of program instructions that perform a specific task, designed to be executed from multiple places within a larger program.

Data Structure

An efficient way of organizing and storing data in a computer so that it can be used effectively, examples include arrays, linked lists, trees, and graphs.