Question
Selected accounts of Comfort Rental Service unadjusted trial balance as of 30 June 2022 are given below: Debit ($) Credit ($) Prepaid Insurance 9,000
Selected accounts of Comfort Rental Service unadjusted trial balance as of 30 June 2022 are given below: Debit ($) Credit ($) Prepaid Insurance 9,000 Supplies 720 Office equipment (at cost) 24,000 Salaries expenses 32,600 Insurance expenses 2,400 Rental revenue received in advance Rental fees revenue 6,000 13,200 Additional information: 1) Insurance expires at the rate of $525 per month. 2) There was only $200 of Supplies on hand on 30 June 2022. 3) Office equipment is to be depreciated at 15% per annum at cost. 4) Rental services were provided during the year ended 30 June 2022 in relation to $4,000 of rental revenue received in advance. 5) Salaries of $1,250 are unpaid and unrecorded at 30 June 2022. 6) Interest income earned for June 2022, but not yet received or recorded $150. REQUIRED a) Record the necessary adjusting entries for the year ended on 30 June 2022. (Narrations are not required).
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