Prepare the adjusting journal entries from the following items on the Pedersen Company worksheet.

ADJUSTMENTS

Debit Credit

Interest Receivable (a) 5

Cost of Goods Sold (c) 4

Supplies on Hand (b) 2

Rental Fees Earned (d) 7

Interest Income (a) 5

Supplies

Expense (b) 2

Inventory (c) 4

Unearned Rental Fees d) 7

Prepare the adjusting journal entries from the following items on the Pedersen Company worksheet.