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Create adjusting journal entries

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Reference no: EM132935040

Question - Create adjusting journal entries ensuring that the narration, date (all journals should be dated 30 April 2021), description and account fields are completed and that your debits and credit balances.

-The interest expense on the bank loan is accrued at $130 per month. The interest is paid to the bank every 6 months. The first interest payment is not due until 1 October 2021. 

-A stock count of stationary supplies on hand as at 30 April 2021 indicated a balance of $750. The current balance of the supplies ( asset) account is $1,300. 

-Adjust for expiry of insurance for the month of April 2021 

-Depreciation for month of April 2021 for Computer Equipment is $195 and for Office Furniture is $70. 

-Utilities (electricity, water and telephone) used for the month of April 2021 is estimated to be $780, however no invoiced has been received as at 30 April 2021.

Reference no: EM132935040

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