Accounting

15-25 min.) P 3-32A

Req. 1

Journal |

DATE | ACCOUNTS AND EXPLANATIONS | POSTREF. | DEBIT | CREDIT |

| | | Adjusting Entries | | | |

a. | Dec | 31 | Salary expense (E+) | | 2333 | |

| | | Salary payable (L+) | | | 2333 |

| | | Accrued salary expense | | | |

| | | | | | |

b. | | 31 | Prepaid insurance (A+) | | 375 | |

| | | Cash (A-) | | | 375 |

| | | Paid insurance in advance | | | |

| | | | | | |

c. | | 31 | Supplies expense (4,000+5,200-2,400) | | 6800 | |

| | | Supplies (A-) | | | 6800 |

| | | To record supplies used | | | |

| | | | | | |

d. | | 31 | Unearned service revenue (L-) | | 7000 | |

| | | Service Revenue (R+) | | | 7000 |

| | | To record earning of service revenue | | | |

| | | Collected in advance | | | |

e. | | 31 | Depreciation expense – Equipment and trucks (E+) | | 5000 | |

| | | Accumulated depreciation- equipment and trucks(CA+) | | | 5000 |

| | | To record depreciation on trucks and eq. | | | |

(15-25 min.) P 3-33A

Req. 1

Journal |

DATE | ACCOUNTS AND EXPLANATIONS | POST.REF. | DEBIT | CREDIT |

| | | Adjusting Entries | | | |

1. | Dec | 31 | Accounts receivable (A+) | | 800 | |

| | | Service revenue (R+) | | | 800 |

| | | To record service revenue | | | |

2. | | 31 | Supplies expense (1700-300) (E+) | | 1400 | |

| | | Supplies (A-) | | | 1400 |

| | | To record supplies used | | | |

3. | | 31 | Prepaid insurances (A+) | | 600 | |

| | | Insurance expense (E+) | | | 600 |

| | | Prepaid insurance | | | |

4. | | 31 | Depreciation expense (E+) | | 4400 | |

| | | Accumulated depreciation (CA+) | | | 4400 |

| | | To record depreciation | | | |

5. | | 31 | Salary expense (E+) | | 300 | |

| | | Salary payable (L+) | | | 300 |

E 4-21

Req. 1

Journal |

DATE | ACCOUNTS AND EXPLANATIONS |...