Problem 139 Data relating to the balances of various accounts affected by adjusting or closing entries appear below (The entries which caused the changes in the balances are not given ) You are asked to supply the missing journal entries which would logically account for the changes in the account balances (Credit account titles are automatically indented when the amount is entered Do not indent manually ) 1 Interest receivable at 1 1 17 was $1,340 During 2017 cash received from debtors for interest on outstanding notes receivable amounted to $5,130 The 2017 income statement showed interest revenue in the amount of $6,570 You are to provide the missing adjusting entry that must have been made, assuming reversing entries are not made 2 Unearned rent at 1 1 17 was $5,410 and at 12 31 17 was $8,000 The records indicate cash receipts from rental sources during 2017 amounted to $53,400, all of which was credited to the Unearned Rent Revenue account You are to prepare the missing adjusting entry 3 Accumulated Depreciationequipment at 1 1 17 was $226,850 At 12 31 17 the balance of the account was $273,880 During 2017, one piece of equipment was sold The equipment had an original cost of $43,000 and was 3 4 depreciated when sold You are to prepare the missing adjusting entry 4 Allowance for doubtful accounts on 1 1 17 was $46,960 The balance in the allowance account on 12 31 17 after making the annual adjusting entry was $62,780 and during 2017 bad debts written off amounted to $30,340 You are to provide the missing adjusting entry 5 Prepaid rent at 1 1 17 was $21,340 During 2017 rent payments of $122,690 were made and charged to rent expense The 2017 income statement shows as a general expense the item rent expense in the amount of $140,950 You are to prepare the missing adjusting entry that must have been made, assuming reversing entries are not made 6 Retained earnings at 1 1 17 was $130,110 and at 12 31 17 it was $199,830 During 2017, cash dividends of $45,360 were paid and a stock dividend of $33,360 was issued Both dividends were properly charged to retained earnings You are to provide the missing closing entry No Account Titles and Explanation Debit Credit 1 2 3 5 6 Open Show Work Click if you would like to Show Work for this

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Problem 139 Data relating to the balances of various accounts affected by adjusting or closing entries appear below. (The entries which caused the changes in

Problem 139

Data relating to the balances of various accounts affected by adjusting or closing entries appear below. (The entries which caused the changes in the balances are not given.) You are asked to supply the missing journal entries which would logically account for the changes in the account balances. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

1.		Interest receivable at 1/1/17 was $1,340. During 2017 cash received from debtors for interest on outstanding notes receivable amounted to $5,130. The 2017 income statement showed interest revenue in the amount of $6,570. You are to provide the missing adjusting entry that must have been made, assuming reversing entries are not made.
2.		Unearned rent at 1/1/17 was $5,410 and at 12/31/17 was $8,000. The records indicate cash receipts from rental sources during 2017 amounted to $53,400, all of which was credited to the Unearned Rent Revenue account. You are to prepare the missing adjusting entry.
3.		Accumulated Depreciationequipment at 1/1/17 was $226,850. At 12/31/17 the balance of the account was $273,880. During 2017, one piece of equipment was sold. The equipment had an original cost of $43,000 and was 3/4 depreciated when sold. You are to prepare the missing adjusting entry.
4.		Allowance for doubtful accounts on 1/1/17 was $46,960. The balance in the allowance account on 12/31/17 after making the annual adjusting entry was $62,780 and during 2017 bad debts written off amounted to $30,340. You are to provide the missing adjusting entry.
5.		Prepaid rent at 1/1/17 was $21,340. During 2017 rent payments of $122,690 were made and charged to "rent expense." The 2017 income statement shows as a general expense the item "rent expense" in the amount of $140,950. You are to prepare the missing adjusting entry that must have been made, assuming reversing entries are not made.
6.		Retained earnings at 1/1/17 was $130,110 and at 12/31/17 it was $199,830. During 2017, cash dividends of $45,360 were paid and a stock dividend of $33,360 was issued. Both dividends were properly charged to retained earnings. You are to provide the missing closing entry.

No. Account Titles and Explanation Debit Credit 1. 2. 3. 5. 6. Open Show Work Click if you would like to Show Work for this