1) Starr corparation loaned $90,000 to another corporation on Decenber 1, 2010 and received a 3-month, 8% interest beating note with a face value of $90,000. What adjusted entry should starr make on December 31,2010?

2) Maso company recorded journal entries for the issuance of common stock for $40,000, the payment of $13,000 on accounts payable, and the payment of salaries expense of $21,000. What net effect do these entries have on owners equity?

3) Murphy company sublet a portion of its warehouse for five years at an annual rate of $24,000, beginning on May 1, 2010. The tenant paid one years rent in advance, which murphy recorded as credit to Unearned Rental Revenue. Murphy reports on a calendar-year basis. The adjustment on december 31, 2010 for Murphy should be ?

4) Gibson company paid $3,600 on June 1, 2010 for two year insurance policy and recorded the entries amount as insurance Expense. The december 31,2010 adjustinge entry is ?

5) Big mouth frog corporation had revenues of $200,000, expenses of $120,000, and dividends of $30,000. When income summary is closed the retained earnings, the ammount of the debit or credit to the retaind earning is ?

6) Pappy corporation received cash of $13,500 on september 1,2010 for one years rent advance and recorded the transaction with a credit to Unearned rent. The december 31,2010 adjusting entry is ?

7) Mune company recorded journal entries for the declaration of $50,000 of dividends, $32,000 increase in accounts receivable for services rendered, and the purchased of equipment for $21,000. What net effect do these entries have on owners equity?

8) Panda corporation paid cash of $18,000 on june 1,2010 for one year rent in advance and recorded the transaction with a debit of prepaid rent. The december 31,2010 adjusting entry is ?

9) During the first year of Wikinson Co. operation all putchases were recorded as assets. Store supplies in the amount of $19,350 were purchased. Actual year end store supplies amounted to $6,450. The adjusting entry for store supplies will be ?

If you could explain them it would be grateful.