3-6 - Debit Credit Dec. 31 Depreciation Expense-Office...

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Page 6 of 14 http://ezto.mhhm.mcgraw-hill.com/hm_accounting.tpx?todo=printview Office supplies expense 0 528 Advertising expense 2,500 3,000 Utilities expense 1,250 1,327 Total expenses 20,050 29,555 Net income $ 40,450 $ 37,545 Adjusting entry 1: Unbilled fees Date General Journal Debit Credit Dec. 31 Accounts Receivable n/r Fees Earned n/r Adjusting entry 2: Earned fees Date General Journal Debit Credit Dec. 31 Fees Earned n/r Accounts Receivable n/r Adjusting entry 3: Computers Date General Journal Debit Credit Dec. 31 Depreciation Expense-Computers 1,650 Accumulated Depreciation-Computers 1,650 Adjusting entry 4: Furniture Date General Journal
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Unformatted text preview: Debit Credit Dec. 31 Depreciation Expense-Office Furniture 1,925 Accumulated Depreciation-Office Furniture 1,925 Adjusting entry 5: Salaries Date General Journal Debit Credit Dec. 31 Salaries Expense 2,695 Salaries Payable 2,695 Adjusting entry 6: Insurance Date General Journal Debit Credit Dec. 31 Insurance Expense 1,430 Prepaid Insurance 1,430 Adjusting entry 7: Rent Date General Journal Debit Credit Dec. 31 Rent Expense 700 Rent Payable 700 Adjusting entry 8: Supplies Date General Journal Debit Credit Dec. 31 Office Supplies Expense 528 Office Supplies 528...
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This note was uploaded on 08/09/2010 for the course ACCT 1 taught by Professor Ludwig during the Spring '10 term at Los Angeles City College.

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