GENERAL JOURNAL DATE ACCOUNT TITLE POST REF DEBIT CREDIT Adj

GENERAL JOURNAL DATE ACCOUNT TITLE POST. REF DEBIT CREDIT Adjusting Entries Dec. 31 Bad Debts Expense 530.00 Allowance for Doubtful Accounts 530.00 4 31 Salaries Expense 940.00 Salaries Payable 940.00 31 Unearned Rent 1,230.00 Rent Revenue 1,230.00 31 Interest Expense 220.00 Interest Payable 220.00 10 31 Rent Receivable 310.00 Rent Revenue 310.00 12 1 Depreciation Expense 5,100.00 13 Accumulated Depreciation 5,100.00

Solution

Journal entries Date Account\'s tittle Debit $ Credit $ 1 The interest payable is due July 1,2017 2017 Jul-01 Interest Payable                                        220 Cash                                           220 (To be record payment of interest which was pending to pay)                                              -   2 The interest receivable is due February 18,2018 2018 Feb-18 Cash                                        225 Interest Receivable                                           225 (To be record receipt of interest revenue which was receivable)                                              -