urgent

Trial balance for an auditing firm National Auditors Ltd., is provided as follows: National Auditing Ltd. Trial balance December 30 2011 Dr Cr $ 33,950 35,300 1,200 375 900 15,000 $ Cash Fees receivable Prepaid rent Prepaid insurance expense Office supplies Office equipment Accumulated depreciation: office equipment Accounts payable Note payable (due 5/1/12) Income taxes payable Interest expense payable Unearned agency fees Capital stock Retained earnings Dividends Agency fees earned Telephone expense Office supply expense Depreciation expense: office equipment Rent expense Insurance expense Salaries expense Interest expense Income taxes expense 12,000 1,500 25,000 3,575 250 8,000 20,000 10,800 800 46,500 480 1,130 2,750 6,100 1,175 24,640 250 3,575 127,625 $ $ 127,625 The company makes adjustments on a monthly basis. Required: Identify and journalise the following adjusting entries on December 31, 2011: Note: Use the following account titles only: Account payable Account receivable Accumulated depreciation Depreciation Expense Prepayment Revenue Unearned revenue Supplies Required: Identify and journalise the following adjusting entries on December 31, 2011: Note: Use the following account titles only: Account payable Account receivable Accumulated depreciation Depreciation Expense Prepayment Revenue Unearned revenue Supplies 1. Income taxes worth $1,950, for a period of six months starting July 1, 2011, are accrued and due in February 2012. Account title Dr Cr 2. The company pays rent every two months. On November 1, 2011, the company paid rent worth $1,200 in advance. The next rent of $1,200 will be paid on January 2, 2012. Account title Dr Cr 3. At December 31, 2011, supplies on hand equal $530. Account title Dr Cr 1. Income taxes worth $1,950, for a period of six months starting July 1, 2011, are accrued and due in February 2012. Account title Dr Cr 2. The company pays rent every two months. On November 1, 2011, the company paid rent worth $1,200 in advance. The next rent of $1,200 will be paid on January 2, 2012. Account title Dr Cr 3. At December 31, 2011, supplies on hand equal $530. Account title Dr Cr 4. Advertising fee of 1,200 was paid for the first three quarters of the current year. The last quarter fees bill of 663 was received after 31 December 2011, but before the financial statements had been finalized for the year. Account title Dr Cr