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Consumer Research Associates, owned by Gloria Johnson, is retained by large companies to test consumer reaction to new products. And January 31, 2019 the firms

Consumer Research Associates, owned by Gloria Johnson, is retained by large companies to test consumer reaction to new products. And January 31, 2019 the firms worksheet showed the following adjustments data: (a) supplies used $4,680; (b) expired rent, $26,000 and (c) depreciation on office equipment $9,160 image text in transcribed
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Unadjusted Trial Balance Debit Credit Account Cash Accounts receivable Supplies Prepaid rent Office equipment No. 101 $12,000 18,000 7,340 28,000 45,800 121 125 151 Accumulated depreciation 152 202 301 $9,160 $15,000 $33,960 Accounts payable Gloria Johnson, Capital Gloria Johnson, Drawing Fees income Salaries expense Telephone expense Travel expense Utilities expense Total 22,000 02 401 505 515 517 520 $200,000 99,000 2,700 20,780 2,500 $258,120 $258,120 Consumer Research Associates, owned by Gloria Johnsan, is retained by large companies to test consumer reaction to new products. On January 31, 2019, the firm's worksheet showed the following adjustments data: (a) supplies used, $4,680; (b) expired rent, $26,000; and (c) depreciation on office equipment,$9,160. Journal entry worksheet a) Prepare the adjusting entry to record supplies used $4,680. Note: Enter debits before credits. Date General Journa Debit |Credit Jan 31 2019 Record entry Clear entry View general journal Journal entry worksheet b) Prepare the adjusting entry to record expired rent, $26,000. Note: Enter debits before credits. General JournalDebit Credit Date Jan 31, 2019 Recerd ontry Cleer entry View general journal Journal entry worksheet 2 Prepare the adjusting entry to record depreciation on office equipment, $9,160. Note: Enter debits before credits. General Journal Debit Credit Date Jan 31 2019 Record entry Clear entry View general journal Requirement General Ledger Journal entry worksheet d) Prepare the closing entry related to revenues Note: Enter debits before credits. Date Jan 31 2019 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 6 e) Prepare the closing entry related to expenses. Note: Enter debits before credits. General Journal Debit Credit Date Jan 31 2019 Record entry Clear entry View general journal Journal entry worksheet f) Prepare the closing entry to close net income. Note: Enter debits before credits. Date General Journal Debit Credit Jan 31, 2019 Journal entry worksheet g) Prepare the closing entry related to drawing. Note: Enter debits before credits. Date General Journal Debit Credit Jan 31, 2019 Record entry Clear entry View general journal

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