Momoney

XYZ Company

Adjusting Entries

1. Insurance expense 2,000

PP Insurance 2,000

2. Office supplies expense 1,200

Office supplies 1,200

3. Depreciation expense 4,000

A/D Building 4,000

4. Depreciation expense 3,000

A/D equipment 3,000

5. Interest receivable 500

Interest revenue 500

6. Salaries expense 2,000

Salaries payable 2,000

7. Unearned consultant fees 12,000

Consultant fees earned 12,000

8. Utilities expense 600

Utilities payable 600

XYZ Company

I/S

F/Y/E 12/31/02

Revenue

Consulting Fees earned 172,000

Interest Revenue ____500

Total Revenues 172,500

Expenses

Salary exp 62,000

Rent exp 23,000

Advertising exp 2,800

Utilities exp 4,600

Miscellaneous exp 700

Insurance exp 2,000

Office supplies exp 1,200

Depreciation exp...