create adjusting entries

Debit Credit B Adjusting Entries: 19 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 B 0 7 The annual premium for the insurance policy was paid on August 1, 2019 for $6,300 and posted to prepaid insurance. The office supplies were counted on 12-31-19 and had a balance of $550. 1 The sales & adminstrative staff have salaries of $350 per day and the guides have salaries of $725 a day. 2 The last payroll paid was on Monday December 30, 2019 for period ending Wednesday December 25, 2019. 3 Assume that everyone works a six day work week for this problem. Sundays are not work days. 5 Depreciation for 2019 is $22,800. 16 37 The actual customer downpayments loft at 12-31-19 are $9,850. 38 39 The 2018 real estate taxes were paid in 2019 for the amount of $5,600. The 2019 real estate taxes will be 30 paid in 2020. The 2019 real estate taxes are expected to be 5% more than 2018, 31 32 393 This information is not for adjusting entries - balance shoot only $5,500 how much they have to pay for the coming year 35000 on balance sheets gets broken into current and noncurrent liabilities 95 Current portion of long-term debt 96 97 98 99 100 101 102 AL Debit Unad usted Trial Balance Debit Credit 8,650 6,980 1,360 6,300 5,500 17 250 15,000 30,000 95,000 125,000 64,770 8,500 1 2 3 4 5 Account 6 Cash 7 Accounts receivable 8 Office supplies 9 Prepaid insurance 10 Notes receivable 11 Investments in stocks and bonds 12 Pasture land held for future expansion 13 Land 14 Buildings 15 Equipment 16 Accumulated depreciation 17 Accounts payable 18 Salaries payable 19 Accrued payroll taxes 20 Accrued real estate taxes 21 Unearned revenue - customer downpayments 22 Notes payable - line of credit 23 Long-term loans payable 24 Common stock 25 Retained earnings 26 Dividends 27 Fees earned 28 Salaries expense 29 Payroll taxes 30 Employee benefits 31 Rent expense 32 Advertising expense 33 Insurance expense 34 Office supplies expense 35 Gas, Fuel & ON 36 Repairs and maintenance expense 37 Real estate taxes 38 Utilities expense 39 Depreciation equipment 40 Travel expense 41 Interest expense 42 Totals 43 Net income 4,860 525 16,780 5.000 35,000 50,000 67,680 20,000 502.000 332.500 29,750 31.225 6,800 3,200 3,685 1.125 4,400 2,825 2.765 5,200 600 755,115 755,115 45 Ending retained earnings