Question

i Data Table Irvine Inn Company Unadjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash 15,600 Accounts Receivable 13.900 2.600 Prepaid Insurance 1,700 Office Supplies 410.000 Building Print Done

Answer 1

Irvine Inn Company Adjusting Enteries Trans. Paticulars a. Insurance Expense a/c To Prepaid Insurance (Insurance expensed) 2600 - 900 Dr. Debit in $ Credit in $ 1700 1700 b. Dr. 950 Supplies Expense a/c To Office Supplies (Supplies expensed) 1700 - 750 950 1500 Depreciation Expense a/c Dr. To Accum. Depreciation - Building (To record dpreciation) 1500 d. Dr. 1260 Salaries Expense a/c To Salaries Payable (Salary accrued) 2100 x 3/5 1260 Dr. 1900 Unearned Revenue a/c To Service Revenue (Revenue earned) 3200 - 1300 1900

Prepaid Insurance Post Ref. Debit Credit Balance Debit Credit Date Item 2018 Dec-31 Balance Dec-31 Insurance Expense 2600 900 1700 Insurance Expense Post Ref. Debit Credit Balance Debit Credit Date Item 2018 Dec-31 Prepaid Insurance 1700 1700 Supplies Expense Balance Debit Credit Post Ref. Debit Credit Date Item 2018 Dec-31 Office Supplies 950 950 Office Supplies Balance Debit Credit Post Ref. Debit Credit Date Item 2018 Dec-31 Balance Dec-31 Supplies Expense 1700 750 950 Depreciation Expense Balance Debit Credit Post Ref. Debit Credit Date Item 2018 Dec-31 Accum. Depreciation - Building 1500 1500

Accum. Depreciation - Building Balance Debit Credit Post Ref. Debit Credit Date Item 2018 Dec-31 Balance Dec-31 Depreciation Expense 370000 371500 1500 Salaries Expense Post Ref. Debit Credit Balance Debit Credit Date Item 2018 Dec-31 Balance Dec-31 Salary Payable 3200 4460 1260 Salary Payable Balance Debit Credit Post Ref. Debit Credit Date Item 2018 Dec-31 Balance Dec-31 Salaries Expense 1260 1260 Unearned Revenue Balance Debit Credit Post Ref. Debit Credit Date Item 2018 Dec-31 Balance Dec-31 Service Revenue 3200 1300 1900 Service Revenue Balance Debit Credit Post Ref. Debit Credit Date Item 2018 Dec-31 Balance Dec-31 Unearned Revenue 18200 20100 1900