Question

College of C al Dann kann . Auto Additional information as of December 31, 2018 As insurance policy examination showed 34 of urined in h. An inventory court showed 5210 of unused shoppe Depreciation expense on shegvin 5150 200 ved entered from a butician w recorded at the time the trial balance prepared e. It w debermined that $400 of the neared Rent account balance was still named by year-end. The one employee a receptionist works five-day workweekt $50 per day. The employee was padast week but has worked four days this week for which she has not been paid Three months property taxes, totaling $450, have cred. This additional amount of property taxes expense has not been recorded h. One month's interest expense on the payable $600, has accrued but is recorded REQUIRED Based on the above normation, prepare the maleries in good form for bara's Beauty Salons of December 31, 2010 using the general Journal on the page. Explanations are not required l i neareth try

Answer 1

Adjusting entries:

	Date	Account title and explanation	Debit	Credit
a	12/31/10	Insurance expense [1480-240]	$1,240
		Prepaid insurance		$1,240
		[To record insurance expense]
b	12/31/10	Supplies expense [990-210]	$780
		Supplies		$780
		[To record supplies expense ]
c	12/31/10	Depreciation expense	$350
		Accumulated depreciation-equipment		$350
		[To record depreciation expense]
d	12/31/10	Rent receivable	$200
		Rent revenue		$200
		[To record accrued rent earned]
e	12/31/10	Unearned rent [1600-400]	$1,200
		Rent revenue		$1,200
		[To record rent revenue from unearned rent]
f	12/31/10	Wages expense [4 days x $50]	$200
		Wages payable		$200
		[To record accrued wages ]
g	12/31/10	Property taxes expense	$450
		Property taxes payable		$450
		[To record accrued property taxes]
h	12/31/10	Interest expense	$600
		Interest payable		600
		[To record accrued interest ]