Office Supplies No. 109 Salaries Expense No, 510 Balance Balance Date Post. Ref. Debit Credit Debit Credit Date Post. Ref. Debit Credit Debit Credit Balance 1,600 Balance Aug. CP.5 740 2,340 Aug. 1,040 16 CP.5 1,040 31 P.8 250 2,590 Prepaid Insurance No. 117 Balance Depreciation Expense-Furniture No, 514 Debit Credit 2,000 Date Post. Ref. Debit Credit Balance Date Post. Ref. Debit Credit Debit Credit Balance Balance Aug. Aug. Accumulated Depreciation-Furniture No. 161 Balance Insurance Expense No, 516 Date Post. Ref. Debit Credit Debit Credit Balance Date Post. Ref. Debit Credit Debit Credit Balance 10,500 Balance Aug. Aug. Supplies Expense No, 519 Salaries Payable No. 204 Balance Balance Date Post. Ref. Debit Credit Debit Credit Date Post. Ref. Debit Credit Debit Credit Balance Aug. Balance 1,050 Aug. CP.5 1,050 General Journal Page 9 Date Accounts and Explanation Post. Ref. Debit Credit Aug. 31 Supplies Expense 1,640 Adj. (a) Office Supplies 1,640 To record office supplies used. Insurance Expense Aug. 31 650 Adj. (b) Prepaid Insurance 650 To record insurance expense. Aug. 31 Depreciation Expense-Furniture 260 Adj. (c) Accumulated Depreciation-Furniture 260 To record depreciation on furniture. Salaries Expense Aug. 31 1,080 Adj. (d) Salaries Payable 1,080 To accrue salaries expense.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Post the adjusting entries in the second image into the general ledger shown in the first image.

Office Supplies
No. 109
Salaries Expense
No, 510
Balance
Balance
Date
Post. Ref.
Debit
Credit
Debit
Credit
Date
Post. Ref.
Debit
Credit
Debit
Credit
Balance
1,600
Balance
Aug.
CP.5
740
2,340
Aug.
1,040
16
CP.5
1,040
31
P.8
250
2,590
Prepaid Insurance
No. 117
Balance
Depreciation Expense-Furniture
No, 514
Debit Credit
2,000
Date
Post. Ref.
Debit
Credit
Balance
Date
Post. Ref.
Debit
Credit
Debit
Credit
Balance
Balance
Aug.
Aug.
Accumulated Depreciation-Furniture
No. 161
Balance
Insurance Expense
No, 516
Date
Post. Ref. Debit Credit
Debit
Credit
Balance
Date
Post. Ref.
Debit
Credit
Debit Credit
Balance
10,500
Balance
Aug.
Aug.
Supplies Expense
No, 519
Salaries Payable
No. 204
Balance
Balance
Date
Post. Ref.
Debit
Credit
Debit
Credit
Date
Post. Ref.
Debit
Credit
Debit
Credit
Balance
Aug.
Balance
1,050
Aug.
CP.5
1,050
Transcribed Image Text:Office Supplies No. 109 Salaries Expense No, 510 Balance Balance Date Post. Ref. Debit Credit Debit Credit Date Post. Ref. Debit Credit Debit Credit Balance 1,600 Balance Aug. CP.5 740 2,340 Aug. 1,040 16 CP.5 1,040 31 P.8 250 2,590 Prepaid Insurance No. 117 Balance Depreciation Expense-Furniture No, 514 Debit Credit 2,000 Date Post. Ref. Debit Credit Balance Date Post. Ref. Debit Credit Debit Credit Balance Balance Aug. Aug. Accumulated Depreciation-Furniture No. 161 Balance Insurance Expense No, 516 Date Post. Ref. Debit Credit Debit Credit Balance Date Post. Ref. Debit Credit Debit Credit Balance 10,500 Balance Aug. Aug. Supplies Expense No, 519 Salaries Payable No. 204 Balance Balance Date Post. Ref. Debit Credit Debit Credit Date Post. Ref. Debit Credit Debit Credit Balance Aug. Balance 1,050 Aug. CP.5 1,050
General Journal
Page 9
Date
Accounts and Explanation
Post. Ref.
Debit
Credit
Aug. 31
Supplies Expense
1,640
Adj. (a)
Office Supplies
1,640
To record office supplies used.
Insurance Expense
Aug. 31
650
Adj. (b)
Prepaid Insurance
650
To record insurance expense.
Aug. 31
Depreciation Expense-Furniture
260
Adj. (c)
Accumulated Depreciation-Furniture
260
To record depreciation on furniture.
Salaries Expense
Aug. 31
1,080
Adj. (d)
Salaries Payable
1,080
To accrue salaries expense.
Transcribed Image Text:General Journal Page 9 Date Accounts and Explanation Post. Ref. Debit Credit Aug. 31 Supplies Expense 1,640 Adj. (a) Office Supplies 1,640 To record office supplies used. Insurance Expense Aug. 31 650 Adj. (b) Prepaid Insurance 650 To record insurance expense. Aug. 31 Depreciation Expense-Furniture 260 Adj. (c) Accumulated Depreciation-Furniture 260 To record depreciation on furniture. Salaries Expense Aug. 31 1,080 Adj. (d) Salaries Payable 1,080 To accrue salaries expense.
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