for each adjusting entry above prepared at december 31 2014 indicate if it would be 609820

This exercise will provide practice in determining which adjusting entries may be reversed.

The following represent adjusting entries prepared for the Office Furniture Design Company.

Don't use plagiarized sources. Get Your Custom Essay on

Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT! Just from $10/Page

1 Interest Expense	700
Interest Payable		700
2.Depreciation Expense	1.100
Accumulated Depreciation		I. 100
3.Rent Receivable	600
Rent Rayne		110
4.Insurance Expense	400
Prepaid Insurance		400
5.Accounts Receivable (or Fees Receivable)	300
Fees Revenue		300
6.Supplies Expense	200
Prepaid Supplies		200
7.Salaries and Wages Expense	I 000
Salaries and Wages Payable		I .UUU
8.Unearned Subscription Revenue	1.200
Subscription Revenue		1.200

Instructions

For each adjusting entry above (prepared at December 31, 2014), indicate if it would be appropriate to reverse the entry at the beginning of 2015. Indicate your answer by writing yes or no in the space provided.

superadmin