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Did not accrue owed to the company by another company

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Quinlan-Cohen, Inc,, publishers of movie and song trivia books, made the following errors in adjusting the accounts at year-end (December 31):

Question a. Did not accrue $1,800 owed to the company by another company renting part of the building as a storage facility.

Question b. Did not record $14,500 depreciation on the equipment costing $118,000. 15:5/20

Question c. Failed to adjust the Unearned Fee Revenue account to reflect that $1,700 was earned by the end of the year. pmms awarded

Question d. Recorded a full year of accrued interest expense on a $19,200, 9 percent note payable that has been outstanding Scored only since November1.

Question e. Failed to adjust Prepaid Insurance to re?ect that $710 of insurance coverage had been used

Reference no: EM132688406

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