2. Adjusting Entries (4 marks each, total 16 marks)

Journalize the entries for the following adjustments at the end of the month.

3) Unearned service revenue that becomes earned, $1,500

4) Prepaid insurance used, $1,800

5) Interest expense accrued, $300

6) Employee salaries owed for Monday through Tuesday of a five-day workweek; the weekly payroll is $40,000 (show your calculation)

DATE

ACCOUNTS

DEBIT

CREDIT

1)

2)

3)

4)

Calculation: