New Zealand Adjusting entries


Joined
Apr 13, 2018
Messages
1
Reaction score
0
Country
New Zealand
I can't work this out. Can someone please help me? I am hung up on the fact that the adjusting entry is more than the trial balance and I don't know what to do?

Trial balance as at 31 Mar 18 (the company started operation on 1 April 17)
Insurance Expense 3,300DR

Annual insurance premium of $3,600 was paid on 1 April 2017.

what does the adjusting entry look like? how did you achieve that?

Thank you
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads


Top