Question

record adjusting journal entries:

Howarth Company’s fiscal year-end is December 31. Below are the unadjusted and adjusted trial balances for December 31, 2018.

	Unadjusted							Adjusted
Account Title	Debits			Credits				Debits			Credits
Cash		48,000							48,000
Accounts receivable		33,000							33,000
Prepaid rent		1,950							1,200
Supplies		1,450							800
Inventory		58,000							58,000
Note receivable		42,000							42,000
Interest receivable		0							2,100
Office equipment		43,000							43,000
Accumulated depreciation					15,200							21,300
Accounts payable					32,000							32,000
Salaries and wages payable					0							6,000
Note payable					48,000							48,000
Interest payable					0							2,300
Deferred rent revenue					0							1,800
Common stock					44,000							44,000
Retained earnings					27,600							27,600
Sales revenue					242,000							242,000
Rent revenue					5,600							3,800
Interest revenue					0							2,100
Cost of goods sold		124,000							124,000
Salaries and wages expense		43,200							49,200
Rent expense		10,850							11,600
Depreciation expense		0							6,100
Supplies expense		950							1,600
Interest expense		5,200							7,500
Advertising expense		2,800							2,800
Totals		414,400			414,400				430,900			430,900

Answer 1

	Debit	Credit
Rent expense	750		=1950-1200
Prepaid rent		750
Supplies expense	650		=1450-800
Supplies		650
Interest receivable	2100
Interest revenue		2100
Depreciation expense	6100		=21300-15200
Accumulated depreciation		6100
Salaries and wages expense	6000
Salaries and wages payable		6000
Interest expense	2300
Interest payable		2300
Rent revenue	1800
Deferred rent revenue		1800