Adjustment for Accured Expense

1. Grega Realty Co. pays weekly salaries of $13,875 on Friday for a five-day workweek ending on that day.

Journalize the necessary adjusting entry assuming that the accounting period ends on Wednesday. Round your answer to the nearest whole dollar.

Salaries Expense _____

Salaries Payable _____

2.

On June 1, 2019, Herbal Co. received $37,360 for the rent of land for 12 months.

Journalize the adjusting entry required for unearned rent on December 31, 2019. Round your answer to the nearest dollar amount.

Dec. 31

3.

The supplies account had a beginning balance of $7,330 and was debited for $4,320 for supplies purchased during the year.

Journalize the adjusting entry required at the end of the year, assuming the amount of supplies on hand is $2,680.

4.

The estimated amount of depreciation on equipment for the current year is $6,850.

Journalize the adjusting entry to record the depreciation.