Adjusted Journal Entries
Transaction |
Account |
Debit |
Credit |
a) |
Rent Expense |
$ 5,000 |
|
Prepaid Rent |
$ 5,000 |
||
b) |
Interest Expense |
$ 1,400 |
|
Interest Payable |
$ 1,400 |
||
c) |
Depreciation Expense |
$ 3,250 |
|
Accumulated Depreciation |
$ 3,250 |
||
d) |
Supplies Expense |
$ 290 |
|
Office Supplies |
$ 290 |
||
e) |
Unearned Revenue |
$ 6,200 |
|
Rental Revenue |
$ 6,200 |
||
f) |
Unearned Rental Income |
$ 600 |
|
Rental Income |
$ 600 |
||
g) |
Salaries Expense |
$ 550 |
|
Salaries Payable |
$ 550 |
Please put these into T accounts.
Rent expense | |||||
Debit | Credit | ||||
date | description | amount | date | description | amount |
a | prepaid rent | 5000 | |||
Prepaid rent | |||||
Debit | Credit | ||||
date | description | amount | date | description | amount |
a | rent expense | 5000 | |||
Interest expense | |||||
Debit | Credit | ||||
date | description | amount | date | description | amount |
b | interest payable | 1400 | |||
Interest payable | |||||
Debit | Credit | ||||
date | description | amount | date | description | amount |
b | interest expense | 1400 | |||
Depreciation Expense | |||||
Debit | Credit | ||||
date | description | amount | date | description | amount |
c | accumulated depreciation | 3250 | |||
Accumulated Depreciation | |||||
Debit | Credit | ||||
date | description | amount | date | description | amount |
c | depreciation expense | 3250 | |||
Supplies Expense | |||||
Debit | Credit | ||||
date | description | amount | date | description | amount |
d | office supplies | 290 | |||
Office Supplies | |||||
Debit | Credit | ||||
date | description | amount | date | description | amount |
d | supplies expense | 290 | |||
Unearned Revenue | |||||
Debit | Credit | ||||
date | description | amount | date | description | amount |
e | rental revenue | 6200 | |||
Rental Revenue | |||||
Debit | Credit | ||||
date | description | amount | date | description | amount |
e | unearned revenue | 6200 | |||
Unearned Rental Income | |||||
Debit | Credit | ||||
date | description | amount | date | description | amount |
f | rental income | 600 | |||
Rental Income | |||||
Debit | Credit | ||||
date | description | amount | date | description | amount |
f | unearned rental income | 600 | |||
Salaries Expense | |||||
Debit | Credit | ||||
date | description | amount | date | description | amount |
g | salaries payable | 550 | |||
Salaries Payable | |||||
Debit | Credit | ||||
date | description | amount | date | description | amount |
g | salaries expenses | 550 |
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