see the journal entries picture below and answer this adjusting enties   Adjusting Entries - Record and post the following adjusments:                                                                                   Transactions            PARTICULARS            DR.    CR.     A.    Insurance expired on April, $5,150.            Dr.       Cr.                  B.    Supplies on hand April 29, $6,020.            Dr.        Cr.                   C.    Depreciation for the office equipment in April, $5,500.            Dr.      Cr.                   D.    Accrued receptionist salary on April 30, $5,020.            Dr.          Cr.                  E.    Rent expired in April, $6,500.            Dr.            Cr.                  F    Earned $7,000 of services that were previously paid for on April 6.       Dr.        Cr.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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see the journal entries picture below and answer this adjusting enties

 

Adjusting Entries - Record and post the following adjusments:    

                                
                                             Transactions            PARTICULARS            DR.    CR.    
A.    Insurance expired on April, $5,150.            Dr.       Cr.                 
B.    Supplies on hand April 29, $6,020.            Dr.        Cr.                  
C.    Depreciation for the office equipment in April, $5,500.            Dr.      Cr.                  
D.    Accrued receptionist salary on April 30, $5,020.            Dr.          Cr.                 
E.    Rent expired in April, $6,500.            Dr.            Cr.                 
F    Earned $7,000 of services that were previously paid for on April 6.       Dr.        Cr.                 
                                    

28-Apr Telephone expense A/c
5,130
Cash A/c
|(Being the salary expense recorded)
5,130
29-Apr Electricity expense A/c
5,200
Cash A/c
|(Being the electricity expense recorded)
5,200
29-Apr Cash A/c
Sales A/c
7,050
7,050
(Being the cash sales recorded)
29-Apr Accounts receivable A/c
Sales A/c
6,000
6,000
(Being the sales on account recorded)
29-Apr Salary expense A/c
9,500
Cash A/c
|(Being the salary expense recorded)
9,500
Transcribed Image Text:28-Apr Telephone expense A/c 5,130 Cash A/c |(Being the salary expense recorded) 5,130 29-Apr Electricity expense A/c 5,200 Cash A/c |(Being the electricity expense recorded) 5,200 29-Apr Cash A/c Sales A/c 7,050 7,050 (Being the cash sales recorded) 29-Apr Accounts receivable A/c Sales A/c 6,000 6,000 (Being the sales on account recorded) 29-Apr Salary expense A/c 9,500 Cash A/c |(Being the salary expense recorded) 9,500
Date
Accounts title & explanation
Debit
04-Apr Cash A/c
55,000
6,500
12-Apr |Accounts payable - Morrilton Company A/c
5,800
Accounts receivable A/c
Supplies A/c
Office equipment A/c
Owner's equity A/c
(Being capital invested in the business)
Cash A/c
(Being the payment against accounts payable recorded)
5,800
6,250
12,500
15-Apr Accounts receivable A/c
7,250
Sales A/c
(Being the sales on account recorded)
7,250
15-Apr Salary expense A/e
5,400
04-Apr Lease rental charges A/c
9,500
Cash A/e
(Being the salary expense recorded)
5,400
Cash A/c
(Being the payment of lease rentals recorded)
15-Apr Cash A/c
8,175
Sales A/c
(Being the cash sales recorded)
8,175
04-Apr Insurance A/e
6,800
Cash A/c
(Being the insurance expense recorded)
18-Apr Supplies expense A/c
5,750
Cash A/e
(Being the supplies expense recorded)
5,750
07-Apr Office furniture A/c
6,800
22-Apr Accounts receivable A/c
Accounts payable - Morrilton Company A/c
(Being office furniture purchase recorded)
6,100
Sales A/c
(Being the sales on account recorded)
6,100
08-Apr Cash A/c
5,800
22-Apr Cash A/c
6,850
Sales A/c
(Being the cash sales recorded)
6,850
Accounts receivable A/c
(Being the cash received recorded)
27-Apr Salary expense A/c
5,400
Cash A/c
(Being the salary expense recorded)
11-Apr |Advertisement expense A/e
5,120
5,400
Cash A/c
(Being the advertisement expense recorded)
Transcribed Image Text:Date Accounts title & explanation Debit 04-Apr Cash A/c 55,000 6,500 12-Apr |Accounts payable - Morrilton Company A/c 5,800 Accounts receivable A/c Supplies A/c Office equipment A/c Owner's equity A/c (Being capital invested in the business) Cash A/c (Being the payment against accounts payable recorded) 5,800 6,250 12,500 15-Apr Accounts receivable A/c 7,250 Sales A/c (Being the sales on account recorded) 7,250 15-Apr Salary expense A/e 5,400 04-Apr Lease rental charges A/c 9,500 Cash A/e (Being the salary expense recorded) 5,400 Cash A/c (Being the payment of lease rentals recorded) 15-Apr Cash A/c 8,175 Sales A/c (Being the cash sales recorded) 8,175 04-Apr Insurance A/e 6,800 Cash A/c (Being the insurance expense recorded) 18-Apr Supplies expense A/c 5,750 Cash A/e (Being the supplies expense recorded) 5,750 07-Apr Office furniture A/c 6,800 22-Apr Accounts receivable A/c Accounts payable - Morrilton Company A/c (Being office furniture purchase recorded) 6,100 Sales A/c (Being the sales on account recorded) 6,100 08-Apr Cash A/c 5,800 22-Apr Cash A/c 6,850 Sales A/c (Being the cash sales recorded) 6,850 Accounts receivable A/c (Being the cash received recorded) 27-Apr Salary expense A/c 5,400 Cash A/c (Being the salary expense recorded) 11-Apr |Advertisement expense A/e 5,120 5,400 Cash A/c (Being the advertisement expense recorded)
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