Question

Normal No Spa Heading Heading 2 4 Reg Font Title Paragraph Styles Editing EX 3-5 Adjusting Entries for Accrued Salaries • Obj. 2 Paradise Realty Co, pays weekly salaries of $25,500 on Friday for a five- day workweek ending on that day. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends (a) on Monday and (b) on Thursday EX 3-9 Adjusting Entries for Unearned Fees • Obj. 3 The balance in the unearned fees account, before adjustment at the end of the year, is $18,000. Journalize the adjusting entry required if the amount of unearned fees at the end of the year is $3,600. EX 3-11 Adjusting Entry for Supplies • Obj 3 The balance in the supplies account, before adjustment at the end of the year, is $9.000. Journalize the adjusting entry required if the amount of supplies on hand at the end of the year is $1.575. EX 3-15 Adjusting Entries for Prepaid Insurance Ob 3 The prepaid insurance account had a balance of $3.000 at the beginning of Opeto search

Answer 1

No	General Journal	Debit	Credit
1 (a)	Salaries Expense	5,100
	Salaries Payable		5,100
	(25,500 x 1/5)
1 (b)	Salaries Expense	10,200
	Salaries Payable		10,200
	(25,500 x 2/5)
2	Unearned Fees	14,400
	Fees Earned		14,400
	(18,000- 3,600)
3	Supplies Expense	7,425
	Supplies		7,425
	(9,000 - 1,575)