1. Record accrued interest expense.
2. Record revenue earned.
3. Record supplies used.
4. Record depreciation expense.
5. Record accrued revenue earned.
6. Record accrued salaries expense.
Homework Answers
Adjusting entries
| No | General Journal | Debit | Credit |
| 1 | Interest expense (74400*5%*9/12) | 2790 | |
| Interest payable | 2790 | ||
| 2 | Unearned revenue (51000-17000) | 34000 | |
| Revenue earned | 34000 | ||
| 3 | Supplies expense (8200-1640) | 6560 | |
| Supplies | 6560 | ||
| 4 | Depreciation expense (3840/5)/12 | 64 | |
| Accumulated depreciation | 64 | ||
| 5 | Account receivable | 11800 | |
| Revenue earned | 11800 | ||
| 6 | Salaries and wages expense (5040/14*9) | 3240 | |
| Salaries and wages payable | 3240 | ||
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1. Record the following adjusting entries to reflect the accrual
and deferral of expense and revenue for the ending of December
31.
2.After you have journalized and posted the transactions, record
the adjusting entries on the worksheet.
a - Recognized the interest income accumlated on $5,000 note
bearing interest of 10% dated a month before the accounting
period.
b- Interest expense incurred but not yet paid on the promissory
note amounted to $50.
c- Recognized that the cleaning income which...
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