Journalize the following adjusting entries: (5 Marks)

1. Sales on account for $8000 was not recorded.

2. Depreciation expense is 56000

3. Employee salary of $5000 for the month of December, 2013 will be paid in early

January 2014.

4. On August 31, 2013, the company borrowed $50000 from a local bank. A note was signed with principal and 8% intertest to be paid on August 31, 2014. 5. Purchasing goods on account for $3000 was not recorded.

Description

Debit

Credit