Question

Post Adjusting Entries Post all adjusting entries to the t-accounts and calculate ending balances. Post the transactions in the order they appear in the journal entries.

Date Accounts and Explanation Debit Credit
Dec. 31 Salaries Expense 4,400
Salaries Payable 4,400
Date Accounts and Explanation Debit Credit
Dec. 31 Depreciation Expense - Furniture 100
Accumulated Depreciation - Furniture 100
Date Accounts and Explanation Debit Credit
Dec. 31 Insurance Expense 300
Prepaid Insurance 300
Date Accounts and Explanation Debit Credi
Dec. 31 Supplies Expense 110
Office Supplies 110
Date Accounts and Explanation Debit Credit
Dec. 31 Unearned Revenue 200
Service Revenue 200
Date Accounts and Explanation Debit Credit
Dec. 31 Accounts Receivable 700
Service Revenue 700

Answer 1

Salaries expense Salaries payable

Debit Credit Debit Credit

4,400 4,400

Depreciation exp, furniture Accumulated dep, furniture

Debit Credit Debit Credit

100 100

Insurance expense Prepaid insurance

Debit Credit Debit Credit

300 300

Supplies expense Office supplies

Debit Credit Debit Credit

110 110

Unearned revenue Service revenue

Debit Credit Debit Credit

200 200

700

900

Accounts receivable

Debit Credit

700