Adjusting journal Entries

You paid WPP Group $9735 incl. GST for online advertisements. These ads will run over the next 3 months, with an end date of 15 August 2020. Advertising expense amount for the month of May

Provision for warranties is equal to 5% of sales $83,210

Estimate of doubtful debts is 10% of Accounts Receivable as at 31 May 91,531

Salaries expense accrued for May $25,080 per month

Warehouse rent expense accrued for May 2,310 per month incl. GST

Depreciation expense Delivery Van, using the straight-line method Purchased on 1 March 2015 at $76,230 incl. GST, with a useful life of 10 years, and no residual value. It is depreciated using the straight-line method.

Depreciation expense Store Building, using the straight-line method Purchased on 1 April 2010, at $594,000 incl. GST, with a useful life of 20 years, no residual value. It is depreciated using the straight-line method

Interest expense accrued on the loan for Building of the Head Office

. Telecommunication accrued for May

. Insurance expense, Fire insurance On 1 March 2020, you paid $26,400 incl. GST for a twelve-month fire insurance policy to Berkshire Group.