Question

Journal entry worksheet Record the adjusting entry for amortization for 2018, $1. Note: Enter debits before credite Transaction General Journal Debit Credit Record entry Clear entry View general journal

Answer 1

Journal Entries Date Account Title and Explaination Post. Ref. Debit (S) Credit (S) 1.00 Amortization Expense Accumulated Amortization (To record adjusting Entry for Amortization) 1.00 Beg. Supp+Purcha se - $4 Is Supplies Expense Beg. Supp+Purchas e - $4 Supplies (To record adjusting entry for consumption of supplies) Note that amount is not entered because there is no information of beginning inventory of supplies, purchase during the period 2.00 Depreciation Expense Accumulated Depreciation (To record adjusting entry for depreciation Expense) Is $ 2.00 | 1.00 Interest Expense Interest Payable (To record adjusting entry for accrued interest expense) 1.00

1.00 Interest Expense Interest Payable (To record adjusting entry for accrued interest expense) 1.00 5.00 Salaries and Wages Expense Salaries and Wages Payable (To record earned Salaries and wages expenses) 5.00 5.00 Income Tax Expense Income Tax Payable |(To record adjusting entry for income Tax Expense) 5.00