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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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