Kirk Enterprises offers rug cleaning services to business clients. Below is the adjustments data for the year ended July 31.

Required:

Using this information along with the spreadsheet below, record the adjusting entries in proper general journal form.

Adjustments:

a) The equipment is estimated to last for 5 years with no salvage value. The asset will be depreciated evenly over its useful life. Record one months depreciation.

b) Accrued wages, $2.

c) Unused supplies on hand, $8.

d) Of the unearned revenue, 75% has been earned.

e) Unexpired insurance remaining at the end of the month, $9.

Kirk Enterprises
End-of-Period Spreadsheet
For the Year Ended July 31
	Trial Balance		Adjustments		Adjusted Trial Balance
	Debit	Credit	Debit	Credit	Debit	Credit
Cash	36
Prepaid Insurance	12
Fees Receivable	56
Supplies	12
Equipment	60
Accumulated Depreciation		12
Unearned Revenue		20
Accounts Payable		32
Wages Payable
Common Stock		84
Dividends	4
Service Revenue		80
Advertising Expense	28
Wage Expense	20
Insurance Expense
Supplies Expense
Depreciation Expense
Totals	228	228

(a)
(b)
(c)
(d)
(e)