Reference no: EM132113248
Question - Journalize the entries for the following adjustments as of October 31.
a. Interest revenue accrued is $6,400
b. Prepaid insurance is reduced by $600
c. Depreciation expense is $800
d. Supplies were purchased earlier for $3,900. $900 of these supplies remained on October 31
e. $3,500 of unearned revenue (the customer made a prepayment of $6,300 on the total job) is now earned
f. $3,800 of employee salaries are owed on October 31 but not yet paid
g. Taxes owed at the end of the year but not yet paid were $2,600
h. Office rent in the amount off $90,000 had been paid in advance for 5 years. The company has used this office for the entire year. (Assume that adjusting entries are made only once a year at the end of October.)
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