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A. ADJUSTING ENTRIE S-Chapter-3. USE THE FOLL Supplies, Accounts Receivable, Uncarned Fees, Prepaid Insurance, Fees Earmed, Interest Payable Supplies Expense, Accumulated Depreciation, Salary Expense, Depreciation
A. ADJUSTING ENTRIE S-Chapter-3. USE THE FOLL Supplies, Accounts Receivable, Uncarned Fees, Prepaid Insurance, Fees Earmed, Interest Payable Supplies Expense, Accumulated Depreciation, Salary Expense, Depreciation Expense, Insurance Expense, Salary Payable, Interest Expense. OWING ACCOUNTS (a) 6%) The balance in the pre-pad insurance account, before adjustment at the end ofthe year, is $6,576. The amount of un-cxpired insurance is $2,250 Descriptions Ref Debit Credit (b) 16%) The company determines that the interest expense on a note payable for period ending December 31st is $475. This amount is payable on January 1st. Prepare the journal entries required on December 31st Descriptions Ref Debit Credit (6%) Jones Realty Company pays weekly salaries of S 16,500 on Friday for a five-dayweek ending on that day. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Tuesday Credit RefDebit Descriptions ( d) 16%! The balance in the unearned feesdability) account, before adjustment is $3.400, Prepare the required adjusting entry if the amount of uncarned fees balance at year-end is $1,400 Credit Ref Debit Description Journalize the adjusting entry to reoord depreciation Descriptions Credit Debit of $1,350. Supplies purchased during $250 of supplies was on hand. (f) 16%) The Supplies acount had a beginning balance period t Prepare the adjusting entry for supplies Credit Ref Debit Descriptions Feeseamed but notbilled S 10.300. Prepare the January 3 1 st Descriptions 16%! g) - Credit Debit Ref
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