Preparation of Adjusting Entries from Worksheet.
The Adjustments columns of a worksheet on July 31, 20XX are extracted in the following table:
|
Adjustments |
||||
|
Account |
Debit |
|
Credit |
|
|
Accumulated Depreciation, Buildings |
1,500 |
(a) |
||
|
Office Supplies |
4,170 |
(b) |
||
|
Prepaid Insurance |
1,600 |
(c) |
||
|
Prepaid Advertisement |
9,000 |
(d) |
||
|
Interest Receivable |
900 |
(e) |
||
|
Unearned Revenue |
2,100 |
(f) |
||
|
Revenue from Services |
2,100 |
(f) |
||
|
Interest income |
900 |
(e) |
||
|
Office Supplies Expense |
4,170 |
(b) |
||
|
Advertisement Expense |
9,000 |
(d) |
||
|
Insurance Expense |
1,600 |
(c) |
||
|
Depreciation Expense |
1,500 |
(a) |
||
|
Total |
19,270 |
|
19,270 |
|
Required
Prepare the adjusting entries on July 31, 20XX from the information.