. Journalize and post the adjusting entries. a) One month of Insurance has expired. b) Supplies on hand on at the end of the month are $2,000. c) Accrued receptionist salary for the remainder of the month is $100. d) One month of rent was used. e) Unearned fees at the end of the month are $3,500. f) $2,500 of fees needs to be accrued g) Calculate the interest for one month on the Note Payable using a 6% interest rate. (Use the Note Payable account

October:

1. CJ Dise deposited $45,000 into Para Consulting as the sole owner.

1. Para Consulting purchased supplies, $3,500; and office equipment, $19,500 with a 3 year note payable of $10,000 and the remainder in cash.

2. Paid three months rent on a lease rental contract, $ 9,000.

3. Paid cash for a newspaper advertisement, $200.

4. Paid the yearly premium on property and casualty insurance policies, $6,000.

5. Purchased additional office equipment on account from Office Equip Co., $4,500.

6. Received cash from clients as an advance payment for services to be provided in the future, $6,000.

8. CJ took clients out for a meal to discuss business, $100

10. Paid Office Equip Co. for part of the debt incurred on the 5^th, $2,500

14. Paid cash for supplies, $3000.

15. Recorded services provided on account for the period of the 1^st 14^th, $3,500.

16. Paid part-time receptionist for two weeks salary, $600.

17. Recorded cash from cash clients for services provided during the period of the 1^st 16^th, $4,000.

19. Received cash from clients on account, $2,000.

21. Recorded services provided on account for the period of the 15^th 21^nd, $3,500.

26. Recorded cash from cash clients for services provided for the period of the 17^th 25^th, $2,500.

27. Received the electricity bill for the month, $150. (Will pay it later)

28. Paid part-time receptionist for two weeks salary, $600.

29. Paid water bill for the month, $50.

30. Recorded cash from cash clients for services provided for the remainder of the month, $2,500.

30. Recorded services provided on account for the remainder of the month, 1,000.

31. CJ Dise withdrew $5,000 for personal use.

101 Cash 310 CJ Dise, Drawing

120 Accounts Receivable 320 Income Summary

122 Allowance for Doubtful Accounts 401 Fees Earned

124 Supplies 500 Bad Debt Expense

125 Prepaid Rent 501 Salary Expense

126 Prepaid Insurance 502 Rent Expense

150 Office Equipment 503 Supplies Expense

155 Accumulated Depreciation 504 Depreciation Expense

201 Accounts Payable 505 Insurance Expense

205 Note Payable 507 Interest Expense

210 Salaries Payable 509 Advertising Expense

220 Unearned Fees 512 Utilities Expense

301 CJ Dise, Capital 515 Meal Expense