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Question 4 (10 points] The information in the table below has been taken from Gulf Corp.'s unadjusted and adjusted trial balances at November 30, 2014.
Question 4 (10 points] The information in the table below has been taken from Gulf Corp.'s unadjusted and adjusted trial balances at November 30, 2014. Given this information, prepare the adjusting journal entries. Use the numbers below as the description for the corresponding type of adjustment. 1. Adjustment of prepaid 2. Adjustment of unearned revenue 3. Depreciation adjustment 4. Accrued revenue 5. Accrued expense The dates must be entered in the format dd/mmm (ie. 15/Jan). Note that not all of the above transactions will need to be entered. Interest Receivable Prepaid Rent Accumulated Depreciation, Equipment Interest Earned Depreciation Expense, Equipment Rent Expense Unadjusted Debit Credit 0 22.000 12,460 2,400 0 11,300 Adjusted Debit Credit 320 18,250 16,585 2,720 4,125 15,050 22 Sep
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