Question

Journalize the adjusting entries for the following adjustments at March 31, the end of the accounting period, omitting explanations. (Record debits first, then credits. Exclude explanations from any journal entries.) (Click the icon to view the transactions.) est a. Employoe salaries owed for Monday through Thursday of a five-day workweek, $8,000. Journal Entry Accounts Date Debit Credit Mar Choose from any list or enter any number in the input fields and then click Check Answer. 4 parts remaining Clear All Check Answer

Answer 1

Solution:

Journal Entries
Date	Particulars	Debit	Credit
31-Mar	Salaries expense Dr	$8,000.00
	To Salaries payable		$8,000.00
	(To record salaries expense)
31-Mar	Unearned service revenue Dr	$1,250.00
	To Service revenue		$1,250.00
	(To record service revenue)
31-Mar	Depreciation expense Dr	$1,200.00
	To Accumulated depreciation		$1,200.00
	(To record depreciation expense)
31-Mar	Rent expense Dr	$700.00
	To Prepaid rent		$700.00
	(To record rent expense)
31-Mar	Interest receivables Dr	$240.00
	To Interest revenue		$240.00
	(To record interest revenue)