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Huang Companys reporting year-end is December 31. Below are the unadjusted and adjusted trial balances for December 31, 2024. Account Title Unadjusted Adjusted Debits Credits
Huang Companys reporting year-end is December 31. Below are the unadjusted and adjusted trial balances for December 31, 2024.
Account Title | Unadjusted | Adjusted | ||
---|---|---|---|---|
Debits | Credits | Debits | Credits | |
Cash | $ 43,000 | $ 43,000 | ||
Accounts receivable | 28,000 | 28,000 | ||
Prepaid rent | 1,725 | 1,100 | ||
Supplies | 1,425 | 900 | ||
Inventory | 53,000 | 53,000 | ||
Notes receivable | 47,000 | 47,000 | ||
Interest receivable | 0 | 2,350 | ||
Office equipment | 38,000 | 38,000 | ||
Accumulated depreciation | $ 15,700 | $ 23,900 | ||
Accounts payable | 27,000 | 27,000 | ||
Salaries payable | 0 | 5,500 | ||
Notes payable | 43,000 | 43,000 | ||
Interest payable | 0 | 1,800 | ||
Deferred rent revenue | 5,400 | 0 | ||
Common stock | 39,000 | 39,000 | ||
Retained earnings | 16,800 | 16,800 | ||
Sales revenue | 203,000 | 203,000 | ||
Rent revenue | 38,000 | 43,400 | ||
Interest revenue | 0 | 2,350 | ||
Cost of goods sold | 119,000 | 119,000 | ||
Salaries and wages expense | 38,700 | 44,200 | ||
Rent expense | 10,475 | 11,100 | ||
Depreciation expense | 0 | 8,200 | ||
Supplies expense | 575 | 1,100 | ||
Interest expense | 4,700 | 6,500 | ||
Advertising expense | 2,300 | 2,300 | ||
Totals | $ 387,900 | $ 387,900 | $ 405,750 | $ 405,750 |
Required:
Prepare the adjusting journal entries that were recorded on December 31, 2024.
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