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14HINWIR (Part 1) Credit Cash Supplies Prepaid Insurance Debit $ 2,573 2.600 1,800 15,073 67,600 16,800 Land Buildings Equipm
No. Account Titles and Explanation Debit Credit 3(a) e Textbook and Media List of Accounts
Cash Supplies Prepaid Insurance Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation-Equipment
Interest Payable Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense
HmWrk (Part 1) Supplies Expense Depreciation Expense e Textbook and Media List of Accounts Prepare an adjusted trial balance
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Answer #1

Adjusting Journal Entries for the month Ended May 31st

1. Insurance Expenses A/c -Dr -450$

To Pre-Paid Insurance a/c -450$

(Being Insurance Expense for the month of may)

2. Supplies Expense A/c-Dr- 1550$

To Supplies A/c - 1550$.

(Being unused supplies 1050$ indicates remaining are used and taken to expense)

3.Depreciation A/c -Dr -3840$

To Accumulated Depreciation Building A/c- 3840$.

(Being Annual Depreciation on Building)

4. Depreciation A/c -Dr-3240$

To Accumulated Depreciation Equipment A/c -3240$

(Being Annual Depreciation on Equipment )

5. Interest Expense a/c -Dr-168$ (33600$*6/100*1/12)

To Interest Payable a/c-168$

(Being Interest Accrued on mortgage for may)

6.Unearned Rent A/c -Dr-2500$

To Rent Revenue a/c -2500$

(Being Rent earned)

7. Salaries and Wages Expenses a/c-Dr-890$

To Salaries and Wages Payable a/c-890$

(Being salaries Expense accrued for may)

LEDGER ACCOUNTS

Cashale. To Balbla-2573 By Balcla - 2573 2573. 2.523 our supplies all. To Balbla 2600 By Supplies external 1550 By Bl cla - 1Adiusted Trial Balance as on may gust. Debir ($) Particulars Credir (5 2573 1050 1550 caihah Supplies al Pre-paid Insurance a890 Salaries & Wales payable alch Salariel & wases expense ac Chlibel expense ale ! Advertising expense all Interest expereal

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