hog heaven rib joint made the following journal entries on december 31 2011 614295
Classifying transactions
Hog Heaven Rib Joint made the following journal entries on December 31, 2011:
|
1. Wage Expense |
6,000 |
|
|
Wages Payable |
6000 |
|
|
1,000 |
|
|
Cash |
1000 |
|
|
10,500 |
|
|
Note Payable |
10,500 |
|
|
10,500 |
|
|
Prepaid Rent |
1500 |
|
|
Insurance Expense |
2800 |
|
|
Prepaid Insurance |
2800 |
|
|
2,000 |
|
|
Unearned Revenues |
2000 |
|
|
9000 |
|
|
Cash |
9000 |
|
|
12000 |
|
|
Supplies Inventory. |
12000 |
|
|
8000 |
|
|
Cash |
8000 |
|
|
It Depreciation Expense |
13000 |
|
|
Accumulated Depreciation |
13000 |
|
|
II. Advertising Expense |
8000 |
|
|
Cash |
8000 |
|
|
12. Advertising Expense |
3000 |
|
|
Prepaid Advertising |
3000 |
Place each of the transactions above in one of the following five categories: (1) operating cash flow, (2) investing cash flow, (3) financing cash flow, (4) accrual adjusting journal entry, and (5) cost expiration adjusting journal entry.