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Selected accounts of ideal properties Inc., a real estate management firm, are shown below as of January 31, before any adjusting entries have been made:
Selected accounts of ideal properties Inc., a real estate management firm, are shown below as of January 31, before any adjusting entries have been made:
| Debit | Credit |
Prepaid insurance | 6660 |
|
Supplies | 1930 |
|
Office equipment | 5952 |
|
Unearned rent revenue |
| 5250 |
Salaries expense | 3100 |
|
Rent revenue |
| 15000 |
Monthly financial statements are prepared. Using the following information, record in a general journal the adjusting entries necessary on January 31:
A
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