POA HELP
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correct the adjusting entry
(ii) The company purchased an office machine worth $4,500 on 2 May 2006 for the running of business operations. $2,000 of the amount was paid for by the owner using his personal cash, while the remaining amount was still outstanding in the company’s name. The transaction was recorded as a debit of $4,900 to Office Equipment, and a corresponding credit to Accounts Receivable.
The company adopts the straight line method of depreciation. No depreciation of the office machine has been recorded for the year ended 30 June 2006. Assume that the office machine has zero residual value and a useful life of five years.iv ) $12,000 out of the $15,000 in the Unearned Service Revenue account related to legal services provided during the last week of June 2005.
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Can you post the entire question?
What level your accounts?
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ii)
my suggested answer... could be wrong.. would like to hear 2nd opinion.
Dr Suspense 400
Cr Office Equipment 400
Dr Account Receivale 4900
Cr Capital 2000
Cr Bank 2500
Cr Suspense 400Dr P&L 150
Cr Provision for Depreciation 150(2 months) -
wah sh
GG
i know nuts about ur answer, darkness!
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Originally posted by Darkness_hacker99:
ii)
my suggested answer... could be wrong.. would like to hear 2nd opinion.
Dr Suspense 400
Cr Office Equipment 400
Dr Account Receivale 4900
Cr Capital 2000
Cr Bank 2500
Cr Suspense 400Dr P&L 150
Cr Provision for Depreciation 150(2 months)iv)
Dr Accured Revenue 12,000
Cr Unearned Service Revenue 12,000
Dr Unearned Service Revenue 3000
Cr P&L 3000
Without looking at the whole question, your iv) is definitely not right. -
okie. i admit. 
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TS got the answer liao?
else must be jiak ba zho bo, post for fun one.