The trial balance of Johnson Travel at December 31, 2005 follows; along with the data for the month end adjustments Johnson Travel Trial Balance December 31, 2005 Cash 1300 A/R 6600 Supplies 2300 Prepaid rent 1600 Furniture 36000 Accumulated depreciation (furniture) 4800 A/P 4500 Unearned service revenue 600 Capital 26000 Withdrawals 29000 Service revenue 106000 Depreciation expense 2300 Salary expense 39900 Rent expense 20000 Supplies expense 2900 Total 141900 141900 a) Depreciation on furniture for the month. The estimated useful life of the furniture is 4 years. b) On December 1, the business moved into a new office and paid the first 4months rent as advance. Prepaid rent expired during the month. c) Service Revenue of $ 400 were earned during the month from the services performed for clients who had paid in advance. d) The salary expense is $225 per day and the business pays employees every Friday(weekly payroll is from Monday to Friday). This year December 31 falls on a Monday. e) Supplies on hand at Dec 31 $1400 1) What adjusting entry will Jonson make on this transaction ? a) Depreciation on furniture for the month. The estimated useful life of the furniture is 4 years. A. Depreciation Expense 9000 Furniture 9000 B. Depreciation Expense 9000 Accumulated Depreciation 9000 C. Depreciation Expense 750 Accumulated Depreciation 750 D.none of them E.Depreciation Expense 4800 Accumulated Depreciation 4800 2) What adjusting entry will Jonson make on this transaction ? b) On December 1, the business moved into a new office and paid the first 4 months rent as advance. Prepaid rent expired during the month. A.none of them B. Rent Expense400 Prepaid Rent400 C. Rent Expense5000 Prepaid Rent5000 D. Rent Expense 1600 Prepaid Rent 1600 3) What adjusting entry will Jonsonmake on this transaction ? c) Service Revenue of $ 400 were earned during the month from the services performed for clients who had paid in advance. A. Service Revenue 200 Unearned Service Revenue 200 B.Unearned Service Revenue 400 Service Revenue 400 C. none of them D. Unearned Service Revenue 600 Service Revenue 600 4) What adjusting entry will Jonson make on this transaction ? d) The salary expense is $225 per day and the business pays employees every Friday(weekly payroll is from Monday to Friday). This year December 31 falls on a Monday. A.Salary Expense 900 Salary Payable 900 B.Salary Expense 225 Salary Payable 225 C. none of them D.Salary Expense 45 Salary Payable 45 5 What adjusting entry will Jonson make on this transaction ? e) Supplies on hand at Dec 31 $ 1400 A. none of them B.Supplies expense 900 Supplies 900 C.Supplies expense 1400 Supplies payable 1400 D.Supplies expense 1400 Supplies 1400 6) The total liabilities is 7) The total expenses is 8) The A/P in the Adjusted Trial Balance is 9) The total debit or credit amount in the Adjusted Trial Balance is 10) Which of the following is the closing entry for withdrawals on Dec 31? 11) The Current Assets in the classified balance sheet is 12) The total assets is Q13) How much is the revenue balance in the post closing trial balance? A.none of them B.106400 C.0 D. 106000 14) How much is the Debit/Credit amount in the Post-closing trial balance? A.46000 B.46500 C.none of the them D.46320 15) Which of the following is the closing entry for revenue on Dec 31? A.Revenue 106400 Income summary 106400 B.Income summary 106400Revenue106400 C.Revenue 106400 Capital 106400 D.Income summary 106000 Revenue 106000 16)Which of the following is the closing entry for withdrawals on Dec 31? A.Withdrawals 29000 Capital 29000 B.Withdrawals 29000 Income summary 29000 C.Capital 29000Withdrawals 29000 D.Income summary 29000 Withdrawals 29000