Question

An extract from the trial balance of Armstrong Corp. at June 30, 2019 is reproduced below: Amount in adjusted trial balance Amount in unadjusted trial balance $ 190 0 850 0 1,000 Account Unused office supplies Accumulated depreciation - truck Prepaid insurance Interest payable Unearned rent $ 55 400 610 100 500 Required: Prepare in general journal format the entries that were posted, including a plausible description. General ledger account numbers are not necessary

Answer 1

S. No.	Account Tittle	Debit	Credit
a.	Office Supplies Expense	$135.00
	Office Supplies		$135.00
	To Record adjustment of Office Supplies
b.	Depreciation EXpense	$400.00
	Accumulated Depreciation		$400.00
	To Record Dep. On truck
c.	Insurance Expense (850-610)	$240.00
	Prepaid Insurance		$240.00
d.	interest Expense	$100.00
	Interest Payable		$100.00
	To Record the interest expense
e.	Unearned Rent	$500.00
	Rent Income		$500.00
	To Record Rent Revenue