accounting paper

RADEON Exercise - Adjusting journal entries The Sentry Inc.'s general ledger shows on March 31, 2019 the following balances of the selected accounts: Cash 5,000; Prepaid Insurance 7,200; Accounts receivable 37,000; Allowance for doubtful accounts 200; Note receivable 60,000; Supplies 5,600; Prepaid Insurance 7,200; Cars 70,000; Accumulated Depreciation, Cars 24,000; Notes Payable 20,000; Uneamed Subscription Revenue 18,600; Shareholders' Equity, Common stock 30,000; Subscription Revenue 120,000; Wages and Salaries Expense 28,000 Summarize them in the trial balance (not completed yet), before adjustment entries: (see in the Trial Balance bellow). The following information is available: a) The cars depreciate 500 a month. b) Interest of 600 is accrued on notes payable. c) Three-quarters of unearned revenue was earned during the quarter. d) Interest of 1000 is accrued on notes receivable. e) Insurance expires at the rate of 600 per month. ) Supplies on hand amounted to total 1700. 9) Bad debt expense estimated 2% from net sales. (Bad Debt Expense, Allowance for Uncollectible Accounts) Instructions: a) Why are there certain accounts open without the beginning balance in the Trial balance? b) Prepare adjusting entries, assuming they are made quarterly, or fill in missing data. Omit explanation c) Complete TB columns Solution: Partial TB Unadjusted TB Adjustments Adjusted TB