Accounting 2101 Adjusting Entries Assignment for sm 1. Journalize the following adjustingentries for the quarter ended March 31 1. Supplies on hand Jan. $3,000 Supplies on hand March 31e $850 2, A 5%, $22,000 1 3. Salaries owed to employees, but not yet paid or recorded, $10,500 -year n signed Jan(1 p/e Unna med Revenue had a balance ors roo on Jan. 1;As ofMarch 31, 25%has been .4 earned. 5. Revenue earned, but not yet received or recorded, $5000 6. 1 -year insurance policy was purchased Jan. Dfor $18,000; record expired insurance 7. Depreciation on equipment is $550 per month. I. Journalize the following transactions for the quarter endeid September 3 $16,000 of supplies were purchased Jan. 1; Supplies on hand September 30 was $6,500 2. 1. A one-year insurance policy purchased Jan. 1 for $48,000 On Jan. 1, rent was paid in advance for one year, $57,600 A 1-year 25,000, 8.25% note payable was signed Jan. 1 V 4, 5. Equipment depreciates $850 per month 6. Six employees worked the last 4 days of September, each earning $350 per day; This has not been paid or recorded $48,000 was accepted on Jan. 1 for work to be performed at a future date; Work is performed uniformly during the year; record what has been earnied during the third 7. quarter. 8. Revenue earned during the quarter but not yet received or recorded totaled $28,500 7 I. Journalize the following transactions for the first quarter of 2015, ending March 31: . $10,500 of supplies were purchased Jan. 1; Supplies on hand March 31 was $6,500 2. A one-year insurance policy purchased Jan. 1 for $15,000; Record the expired insurance* o 3. On Jan. 1, rent was paid in advance for one year, $18,000; Record the expired insurance 4. A 1-year 17,000, 7.25% note payable was signed Jan. 1 ; Record the expired insurance Equipment depreciates $500 per month Eight employees worked the last 4 days of March, each earning $280 per day; This has not been paid or recorded $12,000 was accepted on Jan. 1 for work to be performed at a future date; Work will be performed uniformly during a 4-month period, from January through April. Record the amount that has been earned as of March 31. Revenue earned during the quarter but not yet received or recorded totaled $8,000 5. 6. 7. 8