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Journalise the following end-of-month adjustments. (Note: Enter debit entries first, followed by credit entries in the general journal. Credit account titles are automatically indented when
Journalise the following end-of-month adjustments. (Note: Enter debit entries first, followed by credit entries in the general journal. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Leave blank any answer fields that do not require an answer, Round answer to the nearest whole dollar.) a. Depreciation on shop equipment for the month is 15% p.a. prime cost (straight line). b. One-twelfth of the insurance expired. C. Superannuateon payable for the month is 10.0% of the gross wages paid. d. Interest charged on the bank loan for the month was $156. Date Description Post ref. Debit Credit 20XX June (Depreciation for the month) (Amount of prepaid insurance expired for June) (Superannuateon payable for June) (Interest charged to bank loan for June)
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