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i'm gonna like the answer. i have limited time thank you :) The trial balance of Johnson Travel at December 31, 2005 follows: along with

i'm gonna like the answer. i have limited time thank you :)image text in transcribed

The trial balance of Johnson Travel at December 31, 2005 follows: along with the data for the month end adjustments Johnson Travel Trial Balance December 31, 2005 1300 6600 2300 1600 38000 4800 4500 Cash AR Supplies Prepaid rent Furniture Accumulated depreciation (furniture) AP Unearned service revenue Capital Withdrawals Service revenue Depreciation expense Salary expense Rent expense Supplies expense Total 800 28000 29000 106000 2300 39900 20000 2900 141900 141900 a) Depreciation on furniture for the month. The estimated useful life of the furniture is 5 years. b) On December 1, the business moved into a new office and paid the first 5 months' rent as advance. Prepaid rent expired during the month c) Service Revenue of $ 200 were earned during the month from the services performed for clients who had paid in advance. d) The salary expense is 5245 per day - and the business pays employees every Friday (weekly payroll is from Monday to Friday). This year December 31 falls on a Monday. e) Supplies on hand at Dec 31 $1500 1) What adjusting entry will Jonson make on this transaction ? a) Depreciation on furniture for the month. The estimated useful life of the furniture is 5 years. O A. Depreciation Expense 600 Accumulated Depreciation 600 OB. Depreciation Expense 7200 Accumulated Depreciation 7200 OC. Depreciation Expense 7200 Furniture 7200 OD none of them O E. Depreciation Expense 4800 Accumulated Depreciation 4800 2) What adjusting entry will Jonson make on this transaction ? bi On December 1, the business moved into a new office and paid the first 5 months' rent as advance. Prepaid rent expired during the month. O A Rent Expense 4000 Prepaid Rent 4000 OB. Rent Expense 320 Prepaid Rent 320 OC. none of them OD. Rent Expense 1600 Prepaid Rent 1600 3) What adjusting entry will Jonson make on this transaction ? c) Service Revenue of $ 200 were earned during the month from the services performed for clients who had paid in advance. A none of them OB. Service Revenue 400 Uneamed Service Revenue 400 C. Uneamed Service Revenue 600 Service Revenue 800 OD. Uneamed Service Revenue 200 Service Revenue 200

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