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Journalise the necessary adjusting entries

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Selected accounts of Bing Ltd as at 30 June 2022 are shown below: Debit ($) Prepaid Insurance Prepaid Advertising Supplies Credit ($) 4,800 2,500 700 Unearned Rental Revenue Additional information: 3,000 1. Prepaid insurance represents $4,800 paid on 1 February 2022 for 1 year. 2. Prepaid Advertising represents $2500 paid on 31 January 2022 for a 4 months period. 3. The amount of supplies that is on hand at 30 June 2022 is $200. 4. Unearned rental revenue represents 3 months advanced rental collected on 1 May 2022. 5. Accrued salary not recorded as at 30 June 2022 was 1,000.

Required: Journalise the necessary adjusting entries.

Reference no: EM133206059

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