Question

QueSTION 2 Nat yet answered Marked out of 1 agquest on Record the adjusting entry made on January 31, 2015 for each of the above transactions. Noncash tarned Adjusting Accounts Selected accounts of Ideal Properties, a real estate management firm, are shown belowas of anuary 31 2015, befcre any adjusting entries have been made. Asset Assets Assets LiabilitiesCapitalCapital Expensesincome 1 Prepaid Debits Credits 2. Supplies Prepaid irsurance Supplies irventory Office equipment Unearnedrert revenue alaries expense Rert reverue during anuary ,930 5,952 Office $5,250 an Janaary 4 Rent In advance Monthly financal statements are prepared. Using the following information, record the adjusting entries onJanusry necessary on Jaruary 31 (a) using the linancial statements effect ternplate and () in journal entry for.1. . Prepaid Insurence represents a :hree-year premium paid on anuary 1, 2015. . Supplis of 85 were still availahle en Janiary 3 3.Office equipment-purchased on Jaruary 1, 2015-is expected to last eight years 4·Cn January 1, 2015, ldeal Properties cclected six months' rent in advance from a tenant renting space as of for $875 per month. 5. Accrued employee selaries of $490 have not been recorded as of January 31 salaries January

Answer 1

e NO ) Anie ticulo mAurance expenge 185.00 - 6660 \/346 inBuvanle Supplies epenge 08o. 0o 930-85 5528 Accumulared depveciahon -equ unearned "Sent revenud 815.0o evenua 975 CO galarieg and

eac ction ! asset aşpt aFFer Capital Capital ncome 85.0o 1080.CD [i0so-oo 1 080 62.00 2.OD 62 62.to 815.co 835.oo (190-00 (440.00) 265 o0 1 365. 0o 42 00 1812-öO