Record the Adjusting Journal Entries That Should Be Made for Anaheim

question 70

Essay

Record the adjusting journal entries that should be made for Anaheim Company at December 31,2016.
1)Recognized $10,500 of salaries expense for the last several days of December.
2)Earlier in the period $2,400 of supplies were purchased.As of December 31,2016,the company had $660 of the supplies still on hand.
3)On October 1,a customer had made an advance payment of $96,000 for services to be rendered equally over a 6-month period beginning October 1.

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Definitions:

Spinal cord

The cylindrical bundle of nerve fibers and associated tissue that is enclosed in the spine and connects nearly all parts of the body to the brain.

Frontal lobe

The part of the brain located at the front of each cerebral hemisphere, associated with reasoning, motor skills, higher level cognition, and expressive language.

Motor activity

Physical movements and actions generated by the body's muscle system.

Brain

An organ of the central nervous system in vertebrates, located in the skull and functioning as the primary center for controlling bodily activities and cognitive functions.