Chap3 Computer King Adjusting Entries 2010

Chap3 Computer King Adjusting Entries 2010 - Victor Leung...

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Computer King 2010 – Adjusting Entries Victor Leung ACCT2111 Computer King Corporation – Year-end Adjusting Entries (Chapter 3) The data needed to determine year-end adjustments are as follows: a. Supplies has been used, $1,240. b. Insurance expired, $100. c. Rent earned from amount received in advance, $120. d. Salaries accrued but not paid, $250. e. Fees earned but not received, $500. f. Depreciation of office equipment, $50.
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Computer King 2010 – Adjusting Entries
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Unformatted text preview: Victor Leung ACCT2111 GENERAL JOURNAL Page 4 Date Description POST. REF. Debit Credit Adjusting Entries 2007 Dec 31 Supplies Expense 550 1240 Supplies 140 1240 31 Insurance Expense 560 100 Prepaid Insurance 150 100 31 Unearned Rent 250 120 Rental Income 430 120 31 Salaries Expense 500 250 Salaries Payable 230 250 31 Accounts Receivable 120 500 Service Revenue 410 500 31 Depreciation Expenses 510 50 Accumulated Depreciation -- Office Equipment 182 50...
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Chap3 Computer King Adjusting Entries 2010 - Victor Leung...

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