Consumer Research Associates, owned by Gloria Johnson, is retained by large companies to test consumer reaction to new products. On January 31, 20X1, the firms worksheet showed the following adjustments data: (a) supplies used, $2,260 (b) expired rent, $12,200 and (c) depreciation on office equipment, $4,500. The balances of the revenue and expense accounts listed in the Income Statement section of the worksheet and the drawing account listed in the Balance Sheet section of the worksheet are given below:

REVENUE AND EXPENSE ACCOUNTS

401 Fees income $ 92,000 Cr.

511 Depr. expenseOffice equipment 4,500 Dr.

514 Rent expense 12,200 Dr.

517 Salaries expense 48,700 Dr.

520 Supplies expense 2,260 Dr.

523 Telephone expense 1,270 Dr.

526 Travel expense 10,310 Dr.

529 Utilities expense 1,170 Dr.

DRAWING ACCOUNT 302 Gloria Johnson, Drawing 10,200 Dr.

Required: Record the adjusting entries in the general journal (transactions 1-3). Record the closing entries in the general journal (transactions 4-7).

1)Record the adjusting entry for supplies.

2)Record the adjusting entry for rent.

3)Record the adjusting entry for depreciation.

4)Record the closing entry for revenue.

5)Record the closing entry for expense.

6)Record the closing entry for the balance of income summary.

7)Record the closing entry for the drawing account.