Q2 Bethesda University Q.2 Journalize the adjusting entries below. Debit Credit

Question

Q2

Bethesda University Q.2 Journalize the adjusting entries below. Debit Credit Date Account For expired insurance July 31. 2015 For Depreciation Exp. Equipmert July 31. 2015 For Depreciation Exp.- Repair Equip July 31, 2015 For Accrued Wage July 31, 2015 Complete Accounting Services has the following payroll information for the week ended December 7, 2015, State income tax is computed as 10% of Federal Income Tax. Deductions Beginning NameCumulative Earnings Total Earnings Federal Income Tax State Income Tax Anne Bob Charlie David Edward 106,400 6,900 7,000 6,850 480 470 740 540 2720 1,200 10 47 17 474.49 52 1.10 1.00 4.70 1.70 4745 106,000 rank 30,000 5.20

Explanation / Answer

July 31,2015 Insurance Expense
Prepaid Insurance

July 31,2015 Depreciation expense

Accumulated depreciation

July 31,2015 Depreciation exp repair equipment

Accumulated dep repair equipment

                             July 31,2015    Accrued wage Expense

Accrued wage Payable

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