The ledger accounts given below, with an identification number for each, are used by Silas Company.

Instructions:Prepare appropriate adjusting entries for the year ended December $31,2010,$ by replacing the appropriate identification number$($s$)$ in the debit and credit columns provided and the dollar amount in the adjoining column.

Item $0$ is given as an example. Write the correct amount use a $(,)$ for example $1,000.$

$1.$ Silas has three employers who each earn

$$160$ per day, At December $31,$ four days

Salaries have been earned but not paid$\mathrm{.}2.$ A customer paid Silas $$18,000$ on December $1,2010$

for services to be rendered from December $1$ through

January $31,2011.$

The receipt was credited to a liability. $3.$ Silas purchased equipment costing $$48,000$

on January $31,2011.$ The receipt was credited

to a liability account$\mathrm{.}4.$ Silas provided services to a customer in $2010$

at a fee of $$700.$ This fee has not yet $5.$ Silas started the year with no supplies on hand.

They purchased $$6,000$ in supplies during the year

and have $$2,000$ on hand al December $31.$

Supplies were debited to an asset account

when purchased. been

received or billed. $6.$ Silas paid $$12,000$ for a three$-$year insurance

policy on July $1,2010,$ debiting an asset account

at that time. $7.$ Silas borrowed $$20,000$ by signing a three$-$month,

$9\%$ interest, note payable on November $1,2010\mathrm{.}8.$ Silas purchased short$-$term investments on

November $1,2010.$ Interest of $$300$ per month

has been earned but not received prior to

December $31.$

Closing entries :

Instructions:

Insert an X in the space provided if the account is Not closed or N$/$A if not applies.

En blanco $11.$ Cash

En blanco $22.$ Equipment

En blanco $33.$ Depreciation Expense

En blanco $44.$ Rent Expense

En blanco $55.$ J$.$ Edwards, Drawing

En blanco $66.$ Interest Receivable

En blanco $77.$ Unearned Subscription Revenue

En blanco $88.$ Accumulated Depreciation

En blanco $99.$ Account Receivable

En blanco $1010.$ Prepaid rent