m m MODULE 8-AccouNTING CYCLE : END OF PERIOO ADUSTMENTS AND CLOSING ENTRIES TUTORIAL QUESTIONS nons trom ube fthek Chpr Q. And Q av Case Stady-P.Oodle Veterisary Sargen DAre The lndger ofP Ole Fery Surgn o nd a l m ow be on 30 June 206 a16)29 1/6129 Onernet Rates eus ug 20 Account Cash at Sank Debi S 12 600 11 800 1800 180 200 196 000 Credit Accounts Receivable Propaid Insurance Land Building Accumlatod Deprieciation-Building Equipment Accumulated Depreciation-Equipment s6 900-436 8 32 300 ss00-4 6O0 Accounts Payable Mortgage Payable P. Oodle, Capital P.Oodle, Drawings Fees Eamed Rent Revenue Salaries Expemse Telephone Expense Interest Expense 16 400 64 000 236 950 Coo 86 500 262 430 14 400 2340 124 600 4 520 3 080 36480 5689 880 2CO Insurance Expense Rots x de The following accosnt tles are alro inchaded in the chart of accounts Interest Payable Salaries Payale Rates Payale Unearned Fees Depreciation Expense- Building Depreciation Expense- Equipment Rates Expense The following information has not yer been reconded exponse Rates owing at 30 June, $4820 AcCrurd I. Depreciation on the eqwipmenst is $3680 Depreciation on the building is $9600 2 An advance fee payment of $600 for minor surgery to be performad in Jaly 2016 was credited 3. to Fees Earned- unamd Reunte The mortgage contract provides for a monthly payment of $1000 plus accrued interest. The June payment was not made. Interest of $260 is accraed on the mortgage Prepaid insurance of $1340 has expired Salaries earned but not pald amownt to 52360 4. 5 6 Required: Prepare the adjusting and closing entries for P.Oodle Veterinary Surgeon Page 1 of 2 Cash t Sing