Ex 266 d adjustments for the e following transactions Omit e

Ex. 266 d adjustments for the e following transactions. Omit explanations. 1. Acerued 2 $1.000 of unearned revenues Salariourcha equipmentn performed but not yet billed at the end of the year Supplies purchased totaled S S interest on notes receivable is $30 pai arned revenues have been earned. 4. Sevices t 5. De yoars rent, totaling $42.000, otaling $2,900 had been , was paid in advance at the beginning of the year bu $6,500 for the year at the end of the year total $960 6. 7. totaled $850. owed to By year employees tar end, only $150 of supplies remained

Solution

Journal Entry Date Particulars Dr. Amt. Cr. Amt. 1 Interest Receivable            30.00    Interest Revenue            30.00 2 Unearned Revenue      1,000.00    Service Revenue      1,000.00 3 Rent Expense ($42,000 X 12/36)    14,000.00 Prepaid Rent    14,000.00 4 Accounts Receivable      2,900.00    Service Revenue      2,900.00 5 Depreciation Expense      6,500.00    Accumulated Depreciation - Equipment      6,500.00 6 Supplies Expense ($850 - $150)          700.00    Supplies          700.00 7 Salaries & Wages Expense          960.00    Salaries & Wages Payable          960.00