Deferred Revenues
Deferred Expenses
Accrued Revenues
Accrued Expenses
Random
100

How much service will a company earn per month if they were paid $140,000 for a 10 month job in advanced?

$14,000

100

If you buy 5 months of rent for $15,000, how much is one month of rent worth?

$3,000

100

If you do a service but you are not paid yet, what account will be debited in that journal entry?

Accounts Receivable

100

A company pays their employees $4,000 a month. If they are paid twice a month, how much is each payday worth?

$2,000
100

How many teeth does an average adult human have?

32

200

On Jan 1, a company receives $30,000 for a job it will complete over the next 6 months. How much revenue will the company have earned as of February 28th?

$10,000

200

You pay for 8 years of insurance for $72,000. How much does insurance cost per month.

$750

200

On Dec 31 you have completed 45% of a $20,000 job. How much service revenue have you earned so far?

$9,000
200

You incur $700 of interest expense on Dec 31st. The full amount of $1,200 isn’t due until Jan 20th. 

On December 31st, what would your credit be? (account and amount)

Interest Payable     700

200

The capital of Delaware is...

Dover

300

You are paid $2,000 for 2 months of work on November 1st.

Write the adjusting entry as of Dec 31st

Unearned Revenue          2000

     Service Revenue                 2000

300

Lamar Jackson Industries buys a new dump truck with a useful life of 6 years for their business on Aug 1st for $14,400. Write the adjusting journal entry for depreciation at the end of the year.

Depreciation Expense- Truck       1000

       Accumulated Depreciation- Truck    1000

300

A company will be paid $20,000 for 10 months of service starting on June AFTER it is complete. Write the adjusting entry on June 31st.

Accounts Receivable        2000

         Service Revenue           2000

300

Your employees are paid $7,700 for a 7-day work week. How much did they earn so far if they worked Mon-Wed?

$3,300

300

Who's wedding did I just attend? (what relation did this person have to me)

Brother

400

Business receives $3,200 on January 1 for 10-month service contract for the period January 1 through October 31.

Write the adjusting journal entry as of June 30th.

Unearned Revenue      1920

      Service Revenue          1920

400

A company buys $4,000 of office supplies for the year. Then buy $3,490 of supplies during the year. They end the year with $5,000 worth of supplies. Write the adjusting journal entry for the end of the year.

Supplies Expense      2490

     Office Supplies           2490

400
A company is going to be paid $35,000 to complete a service after it is 100% finished. On Dec 31st, the company has completed 20% of the service. What is their adjusting entry on Dec 31st?

Accounts Receivable       7000

       Service Revenue             7000

400

A company pays interest on its $270,000, 4% note payable of $900 on the first day of each month. Write the adjusting entry for January 31st?

Interest Expense      900

    Interest Payable          900

400

What is Abraham Lincoln's middle name?

he didn't have one

500
A company is paid $87,600 for 2 years worth of work in advanced (they will be working every single day of each year). 


How much revenue have they earned after working for 243 days?

$29,160

500

You pay for 4 years of insurance for $28,800 on July 1st. Write the adjusting journal entry for Dec 31st.

Insurance Expense        3600

     Prepaid Insurance            3600

500

A company will be paid $144,000 for 12 years of work, only when it is fully completed, starting January 1st, 2020.

The company is getting audited next week and has to do an adjusting entry on August 31st, 2028. What is that adjusting entry?

Accounts Receivable          104,000

       Service Revenue               104,000

500

Your employees are paid $25,000 for a 5-day work week. They are paid every Friday. 

Write an adjusting journal entry for the salaries that they have earned on Dec 31st, which falls on a Thursday.

Salaries Expense        20,000

       Salaries Payable         20,000

500

What is the last name of the retiring Duke Men's Basketball coach? (spelling counts)

Krzyzewski