At the End of the Annual Accounting Period,the Adjusting Entries

question 21

Essay

At the end of the annual accounting period,the adjusting entries for the following three items have not been made.You are to provide the 20B adjusting entry for each item.
A.Unpaid wages for the last two days of December,20B amounting to $3,200 have not been recorded (disregard payroll taxes).
B.On December 1,20B rent revenue of $600 was collected for December and January.(Rent revenue was credited for a total of $600).
C.A $4,000,six-month,10% interest-bearing note payable was singed on October 1,20B.

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Definitions:

Quebec Act

Legislation passed by the British Parliament in 1774 that provided civil government for the French-speaking Roman Catholic inhabitants of Canada and the Illinois Country.

Roman Catholic Church

The largest Christian church, led by the Pope in Vatican City, with a global following and centuries of influence on religious, political, and cultural life.

Legal Toleration

The condition or practice of allowing people to have beliefs, practices, or lifestyles that differ from one's own, often in regard to religious beliefs, within the limits of the law.

Lord Dunmore

Lord Dunmore, also known as John Murray, was a British colonial governor who issued a proclamation in 1775 offering freedom to enslaved Africans who joined the British forces against the American revolutionaries.