1) Supplies on Hand had an actual balance of $1,250 at 12/31/2018
2) The $7200 prepaid rent at 11/30/2018 was paid on 11/30 and represents the next 12 months rent from that date
3) Equipment was purchased on 2/1/18 and has a useful life of 10 yrs, no SV and is depreciated on the SL Basis
4) Building was purchased on 1/1/18 and has a useful life of 40 yrs, no SV and is depreciated on the SL basis
5) Deferred Revenue at 11/30/2018 represents 3 months of training services paid in advance on that date
6) We provided Emergency medical services to a cat who was on its 8th life on Dec 31, 2018 (and of course lived!!!) These services will billed for $3600 on January 4, 2019
7) Received a bill of $1000 on 1/5/2019 for medicines used in December

adjusting entries