JCE has enlisted your help to prepare the adjusting journal entries for 2001

[A] School fees are collected twice a year, once in 1 August and once in 1 February. Tuition revenue is recognized evenly during the term (6 months) for which school fees are collected. The August 1382 fees collected totaled $120,000.

[B ] JCE School supplies ordered during the period totalled $14,000. All purchases are made on credit terms of 30 days. During the year, payments totalling $18,000 were made to these suppliers. A stocktake on 31 December 2001 revealed that only $8,100 of the supplies remained. The amount of supplied in unadjusted trial balance is $7250