Adjusting Entries Selected accounts of Ideal Properties Inc., a real estate management firm, are shown below as of January 31, before any adjusting entries have been made:

	Debit	Credit
Prepaid insurance	$6,660
Supplies	1,930
Office equipment	5,952
Unearned rent revenue		5,250
Salaries expense	3,100
Rent revenue		15,000

Monthly financial statements are prepared. Using the following information, record in a general journal the adjusting entries necessary on January 31:

a. Prepaid Insurance represents a three-year premium paid on January 1.

b. Supplies of $850 were on hand January 31.

c. Office equipment is expected to last eight years. Depreciation is recorded monthly.

d. On January 1, the firm collected six months' rent in advance from a tenant renting space for $875 per month

e. Accrued salaries not recorded as of January 31 are $490

Round your answer to the nearest dollar, as needed.

General Journal
	Date	Description	Debit		Credit
a.	Jan.31	AnswerAccumulated Depreciation-Office EquipmentDepreciation Expense-Office EquipmentInsurance ExpenseOffice EquipmentPrepaid InsuranceRent ExpenseRent RevenueSalaries PayableSalaries ExpenseSuppliesSupplies ExpenseUnearned Rent Revenue	Answer		Answer
		AnswerAccumulated Depreciation-Office EquipmentDepreciation Expense-Office EquipmentInsurance ExpenseOffice EquipmentPrepaid InsuranceRent ExpenseRent RevenueSalaries PayableSalaries ExpenseSuppliesSupplies ExpenseUnearned Rent Revenue	Answer		Answer
		To record January Insurance expense.
b.	Jan.31	AnswerAccumulated Depreciation-Office EquipmentDepreciation Expense-Office EquipmentInsurance ExpenseOffice EquipmentPrepaid InsuranceRent ExpenseRent RevenueSalaries PayableSalaries ExpenseSuppliesSupplies ExpenseUnearned Rent Revenue	Answer		Answer
		AnswerAccumulated Depreciation-Office EquipmentDepreciation Expense-Office EquipmentInsurance ExpenseOffice EquipmentPrepaid InsuranceRent ExpenseRent RevenueSalaries PayableSalaries ExpenseSuppliesSupplies ExpenseUnearned Rent Revenue	Answer		Answer
		To record January supplies expense.
c.	Jan.31	AnswerAccumulated Depreciation-Office EquipmentDepreciation Expense-Office EquipmentInsurance ExpenseOffice EquipmentPrepaid InsuranceRent ExpenseRent RevenueSalaries PayableSalaries ExpenseSuppliesSupplies ExpenseUnearned Rent Revenue	Answer		Answer
		AnswerAccumulated Depreciation-Office EquipmentDepreciation Expense-Office EquipmentInsurance ExpenseOffice EquipmentPrepaid InsuranceRent ExpenseRent RevenueSalaries PayableSalaries ExpenseSuppliesSupplies ExpenseUnearned Rent Revenue	Answer		Answer
		To record January depreciation on office equipment.
d.	Jan.31	AnswerAccumulated Depreciation-Office EquipmentDepreciation Expense-Office EquipmentInsurance ExpenseOffice EquipmentPrepaid InsuranceRent ExpenseRent RevenueSalaries PayableSalaries ExpenseSuppliesSupplies ExpenseUnearned Rent Revenue	Answer		Answer
		AnswerAccumulated Depreciation-Office EquipmentDepreciation Expense-Office EquipmentInsurance ExpenseOffice EquipmentPrepaid InsuranceRent ExpenseRent RevenueSalaries PayableSalaries ExpenseSuppliesSupplies ExpenseUnearned Rent Revenue	Answer		Answer
		To record portion of advance rent earned in January.
e.	Jan.31	AnswerAccumulated Depreciation-Office EquipmentDepreciation Expense-Office EquipmentInsurance ExpenseOffice EquipmentPrepaid InsuranceRent ExpenseRent RevenueSalaries PayableSalaries ExpenseSuppliesSupplies ExpenseUnearned Rent Revenue	Answer		Answer
		AnswerAccumulated Depreciation-Office EquipmentDepreciation Expense-Office EquipmentInsurance ExpenseOffice EquipmentPrepaid InsuranceRent ExpenseRent RevenueSalaries PayableSalaries ExpenseSuppliesSupplies ExpenseUnearned Rent Revenue	Answer		Answer
		To record accrued salaries at January 31.