please answer the following questions. I want to see if I am on the right path.
ID: 2610410 • Letter: P
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please answer the following questions. I want to see if I am on the right path. Thank you
4. PE.03-04.ALGO (Algorithmic) Adjustment for Accrued Expense Browning Realty Co. pays weekly salaries of s6,000 on Friday for a five-day workweek ending on that day. adjusting entry assuming that the accounting period ends on Wednesday. Round your answers to the nearest whoie dalar. 5. PE.03-05.ALGO (Algorithmic) Adjustment for Unearned Revenue On June 1, 2019, Herbal Co. received $37,790 for the rent of land for 12 months. Journalize the adjusting entry required f Dec. 31 or unearned rent on December 31, 2019. Round your answers to the nearest dollar amount. 6. PE.03-06.ALGO (Algorithmic)Explanation / Answer
Salary A/ c Dr. $6000
To salary payable $6000
( Being salary due for the week)
Rent A/c Dr.$15746
To Unearned Rent A/c $15746
Unearned for 5 mnths=$37790×5/12
Prepaid Exp a/c Dr $3770
To supplies a/c. $3770
(Being expense paid in advance)
Depreciation A/c Dr. $4460
To Equipment A/c $4460
(Being depreciation provided)
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