Meowmeow is operating her own clinic business, TH Chamber. The trial balance for TH Chamber on January 31, 2021 is shown below. The company prepares monthly financial statements.

Account Titles . . . . . . . . . . . . . Debit ($) . . . . . . . . . . . Credit ($)

Cash. . . . . . . . . . . . . . . . . . . . . . .10960

Accounts Receivable . . . . . . . . 2300

Supplies . . . . . . . . . . . . . . . . . . . 2500

Prepaid Insurance . . . . . . . . . . . 2700

Equipment . . . . . . . . . . . . . . . . . 8000

Furniture. . . . . . . . . . . . . . . . . . . 6600

Accounts Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4300

Unearned Service Revenue . . . . . . . . . . . . . . . . . . . . . . . . 3000

Owner's Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20000

Service Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7400

Salaries Expense . . . . . . . . . . . . 7800

Utilities Expense . . . . . . . . . . . . 140

Loan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6300

Total . . . . . . . . . . . . . . . . . . . . . . 41000 . . . . . . . . . . . . . . . 41000

Instructions: Prepare the adjusting entries of the following for the month of January 2021.

Adjustment 1.

1. Annual depreciation on the equipment is $492. The equipment was purchased on January 1, 2020.

Account to be debited is ______ ?

Account to be credited is ______ ?

Amount is $ ________ ?

Adjustment 2.

2. Rent expense incurred but not paid on January 31, 2021 totalled $2330.

Account to be debited is ______ ?

Account to be credited is ______ ?

Amount is $ ________

Adjustment 3.

3. The annual loan interest rate is 13% (The loan was taken on December 1, 2020).

Account to be debited is ______ ?

Account to be credited is ______ ?

Amount is $ ________ ?

Adjustment 4.

4. There are five salaried employees in the company. Salaries are paid every Thursday for the current week. The five employees receive a salary of $800 each per week. Employees work five days a week (Sunday to Thursday) and they do not work on weekends (Friday and Saturday). Assume January 31 is a Tuesday. All the employees work through January 31st.

Account to be debited is ______ ?

Account to be credited is ______ ?

Amount is $ ________ ?

Adjustment 5.

5. Invoices representing $4500 of services performed during the month have not been recorded as of January 31, 2021.

Account to be debited is ______ ?

Account to be credited is ______ ?

Amount is $ ________ ?