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Question 1 Prepare adjusting entries from the following details. 1. Motor expenses owing at 31 December 2016 $94. 2. Insurance prepaid as at 31 December
Question 1 Prepare adjusting entries from the following details. 1. Motor expenses owing at 31 December 2016 $94. 2. Insurance prepaid as at 31 December 2016 $68. 3. Stationery expenses accrued as at 31 December 2016 $245. 4. Building rent prepaid as at 31 December 2016 $120. 5. John sub-lets part of the premises. Harte, the tenant, owed John $175 on 31 December 2016. Record the adjusting journal entry in the books of John. Question 4 Prepare adjusting journal entries, as needed, considering the account balances excerpted from the unadjusted trial balance and the adjustment data. Unadjusted Trial Balance Debit Credit Account Title 66,000 22,000 Equipment Accumulated depreciation Supplies Salaries payable 6,000 3,500 A. amount due for employee salaries, $4,800 B. actual count of supplies inventory, $ 2,300 C. depreciation on equipment, $3,000
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