Exercise 22-19

A partial trial balance of Skysong Corporation is as follows on December 31, 2018. Dr. Cr. Supplies $2,600 Salaries and wages payable $1,500 Interest Receivable 4,600 Prepaid Insurance 86,200 Unearned Rent 0 Interest Payable 14,100 Additional adjusting data:

1. A physical count of supplies on hand on December 31, 2018, totaled $1,100.

2. Through oversight, the Salaries and Wages Payable account was not changed during 2018. Accrued salaries and wages on December 31, 2018, amounted to $4,700.

3. The Interest Receivable account was also left unchanged during 2018. Accrued interest on investments amounts to $3,700 on December 31, 2018.

4. The unexpired portions of the insurance policies totaled $68,300 as of December 31, 2018.

5. $26,500 was received on January 1, 2018, for the rent of a building for both 2018 and 2019. The entire amount was credited to rent revenue.

6. Depreciation on equipment for the year was erroneously recorded as $5,200 rather than the correct figure of $52,000.

7. A further review of depreciation calculations of prior years revealed that equipment depreciation of $7,500 was not recorded. It was decided that this oversight should be corrected by a prior period adjustment.

Please help complete the below exercises. Thank you

7 journal entries when the books have not been closed yet

7 journal entries when the book have been closed.

2 adjusting entries

Exercise 22-19 A partlal trial balance of Skysong Corporation Is as follows on December 31, 2018 Dr Cr Supplies Salaries and wages payable Interest Receivable Prepald Insurance Unearned Rent Interest Payable $2,600 $1,500 4,600 86,200 14,100 Additional adjusting data 1. A physical count of suppliles on hand on December 31, 2018, totaled $1,100. 2. Through oversight, the Salaries and Wages Payable account was not changed during 2018. Accrued salaries and wages on December 31, 2018, amounted to $4,700 3. The Interest Receivable account was also left unchanged during 2018. Accrued interest on investments amounts to $3,700 on December 31, 2018. 4. The unexpired portions of the insurance policies totaled $68,300 as of December 31, 2018. 5. $26,500 was recelved on January 1, 2018, for the rent of a building for both 2018 and 2019. The entire amount was credited to rent revenue. 6. Depreciation on equipment for the year was erroneously recorded as $5,200 rather than the correct figure of $52,000. 7. A further review of depreciation calculations of prior years revealed that equipment depreciation of $7,500 was not recorded. It was decided that this oversight should be corrected by a prlor perlod adjustment