Messages 826 PM a instructureuploadss3amazonawsco C Transact

Messages 8:26 PM a instructure-uploads.s3.amazonaws.co C Transactions generaljournal worksheet (2) BlankIncomeState Blankretainedearni Using the general journal worksheet tab prepare the adjusting journal entres based on the follow??g transactions s on Hand d Insuranc Incurred $200 of imarance ep expehse at 123 asd Rent insurance account was set up in October Interest Receivable Accumulated Depreciation Salaries Pavable Uncarned Service Fee Service Revenue 400 of rent expense at 12/31 3Used $500 of supplies by 12/3 supplies on hand was set up in Jaly Salarics E 51 S15 Calculated $750 of depreciation expense Rent Ex 5 Eamed S1500 of service revenue at 123 uncamed service revenue was péeviously set up 6 Earned interest income of $600 but not been received at 12/3 7 Services of $1000 was carmed but mot received at 12/3 8 Employees earned salaries of SI80 but twill not be paid until the following year

Solution

Adjusting Journal entries Transaction Account Titles Debit Credit 1 Insurance Expense $200.00 Prepaid Insurance $200.00 2 Rent Expense $400.00 Prepaid Rent $400.00 3 Supplies Expense $500.00 Supplies on hand $500.00 4 Depreciation Expense $750.00 Accumulated Depreciation $750.00 5 Unearned Service Fee $1,500.00 Service Revenue $1,500.00 6 Interest Receivable $600.00 Interest Revenue $600.00 7 Accounts Receivable $1,000.00 Service Revenue $1,000.00 8 Salaries Expense $180.00 Salaries Payable $180.00