General Journal

Need help on 7-10 of journal entries.

Question Summary

The unadjusted trial balance for Travel Smart as December 31 is provided on the trial balance tab.

Information for adjustments is as follows:

1. As of December 31, employees had earned $1,600 of unpaid and unrecorded salaries. The next payday is January 4, at which time $2,000 of salaries will be paid.
2. The cost of supplies still available at December 31 is $1,700.
3. The notes payable requires an interest payment to be made every three months. The amount of unrecorded accrued interest at December 31 is $2,375. The next interest payment, at an amount of $2,850, is due on January 15.
4. Analysis of the unearned member fees account shows $1,800 remaining unearned at December 31.
5. In addition to the member fees included in the revenue account balance, the company has earned another $11,300 in unrecorded fees that will be collected on January 31. The company is also expected to collect $12,000 on that same day for new fees earned in January.
6. Depreciation expense for the year is $21,800.

x Answer is not complete. General General Income St Owners Requirement Ledger Equity Balance Sheet Post Closing Journal Trial Balance Statement Prepare the required adjusting entries and closing entries for Travel Smart. No Date Account Title Debit Credit 1 Dec 31 Salaries expense ,600 Salaries payable 1,600 2 Dec 31 Supplies expense O 6,800 Supplies 6,800 3 Dec 31 Interest expense O 2,375 Interest payable 2,375 4 Dec 31 Unearned member fees 15,200 Member fees earned 15,200 5 Dec 31 Accounts receivable 11,300 Member fees earned 11,300 6 Dec 31 Depreciation expense - Equipment 21,800 Accumulated depreciation - Equipment 21,800 7 Dec 31 Member fees earned 8 Dec 31 Income summary Salaries expense Interest expense Supplies expense Depreciation expense - Equipment 9 Dec 31 Income summary G. Labeille, Capita 10 Dec 31 G. Labeille, Capital G. Labeille, WithdrawalsGeneral General Income St Owners Requirement Balance Sheet Post Closing Journal Ledger Trial Balance Statement Equity You may view either the unadjusted, adjusted, or post-closing trial balance by choosing from the drop-down box below. Your choice will determine the reported values on the financial statement tabs. Unadjusted TRAVEL SMART Trial Balance December 31, 2019 Account Title Debit Credit Cash $ 118,400 Supplies 8,500 Equipment 109,000 Accumulated depreciation - Equipment 43,600 Unearned member fees 17,000 Long-term notes payable 95,000 G. Labeille, Capital 74,000 G. Labeille, Withdrawals 23,000 Member fees earned 50,000 Salaries expense 15,000 Interest expense 5,700 Total $ 279,600 $ 279,600