Homework Answers
Adjusting entry
| No | General Journal | Debit | Credit |
| a | Depreciation expense (360*12) | 4320 | |
| Accumulated depreciation | 4320 | ||
| b | Insurance expense (16000/12*4) | 5333 | |
| Prepaid insurance | 5333 | ||
| c | Supplies expense (1500-600) | 900 | |
| Supplies | 900 | ||
| d | Rent expense (28000/9*6) | 18667 | |
| Prepaid rent | 18667 | ||
| e | Unearned rent (6000/4*3) | 4500 | |
| Rent revenue | 4500 | ||
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