The following general ledger accounts are taken from the books of the Hynes Corporation at the end of its fiscal year, December 31, 2016:

Required:
1. Label the debit and credit amounts that represent each adjusting entry made at December 31 (for example: a, b, c).
2. Prepare the adjusting entries made at December 31 in general journal form. Include general ledger account numbers and plausible descriptions.

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Accounts Share Cash 101 Payable 210Capital 320 400 750 50 950 150 90 50 24 70 145 Unearned Repair Ret. Earn 247 Repair Rev 450 228 400 Accounts Receivable 110 228 90 i Interest Payable 222 Rentrned 40 Rent Receivable 125 Dep'n Exp. - Furniture 621 24 2 400 Insurance Exp631 Unused Office Supplies 170 50 25 Office Supplies Interest Expense 632 Exp 650 Unused Repair Supplies 12 25 145 80 Income Taxes Rent Expense Expense 830 654 Furniture 182 400 50 150 Repair Supplies Expense 655 Acc. Dep'rn - Furniture 191 Telephone Expense 669 20