Adjusting journal entries required as at April 30, 2020:

a) Accrue utilities, $13,000

b) Accrue salaries, $30,000

c) Accrue interest on bank loan, $14,000

d) Record depreciation on equipment, which has an expected useful life of 15 years. The company uses the straight-line amortization method.

e) Prepaid rent expired, $4,000

f) Supplies on hand, $3,150

g) Accrue interest revenue, $7,200

h) Returned the deposit to the local customer that was received on April 12.

Journal Accounts