1 Assume it is January 2018 and you are closing the books for the month as of 12

Question

1 Assume it is January 2018 and you are closing the books for the month as of 12/31/2017 on the accrual basis. The following subcontractor invoices were received after 12/31/2017 and have not yet been recorded or paid. What is the total amount that needs to be accrued with a journal entry for December 2017? Subcontractor Invoice Date PO # Description Amount P&R Enterprises 12/21/2017 313010 12/2017 Janitorial Services $29,251.56 Orkin 1/1/2017 313921 1/2018 Pest Control Services      2,754.69 Johnson Controls 11/30/2017 313592 BAS PM - Semi-Annual      5,000.00 Laz Parking 12/1/2017 313244 Parking attendant - Dec 17    13,557.35 Roadrunner Recycling 1/31/2018 314800 Jan Trash Service      7,262.95 Total $57,826.55 1 Assume it is January 2018 and you are closing the books for the month as of 12/31/2017 on the accrual basis. The following subcontractor invoices were received after 12/31/2017 and have not yet been recorded or paid. What is the total amount that needs to be accrued with a journal entry for December 2017? Subcontractor Invoice Date PO # Description Amount P&R Enterprises 12/21/2017 313010 12/2017 Janitorial Services $29,251.56 Orkin 1/1/2017 313921 1/2018 Pest Control Services      2,754.69 Johnson Controls 11/30/2017 313592 BAS PM - Semi-Annual      5,000.00 Laz Parking 12/1/2017 313244 Parking attendant - Dec 17    13,557.35 Roadrunner Recycling 1/31/2018 314800 Jan Trash Service      7,262.95 Total $57,826.55

Explanation / Answer

Sundry expenses $50563.60

Sundry expenses payable $50563.60

Assumed that semi annual services provided by Johnsons controls is for current half year ending december 31,2017.

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