Adjusting Entry

Date
19A
Decemb
er

Explanation
3
1

Prepaid Advertising

Debit
Credit
P5,000

Advertising Expense
12,000-7,000 = P5,000
3
1

P5000

Accrued Interest

100

Advertising Payable
10000 x 6% = 600 x 1/12 = 100
3
1

100

Depreciation Expense Office Equipment

2,333.33
Accumulated Depreciation Office
Equipment

3
1

Unearned Revenue

2,333.33
1,750

Revenue
3,500/2=1,750
3
1

Supplies

1,750
1,000

Supplies Expense
3
1

Doubtful Asset

1,000
3,000

Allowance Doubtful Asset

3
1

Accrued Salary

3,000
4,000

Cash on Hand
3
1

Cash on Hand

4,000
720
720

Prepaid Interest
3
1

Furniture And Fixture

750
750

Accumulated Depreciation Furniture

and Fixture
3
1

Cash On Hand
Prepaid Interest

300
300

Problem #1

Adjusting Entries
Problem # 3
Date
Decemb
er

Explanation
3
1

Insurance Expense

Debit
P

Prepaid Insurance
3
1

Accrued Salary

Supplies Expense

6,000
9,080
9,080

Supplies
3
1

Depreciation Equipment
Accumulated Depreciation
Equipment

9,500

6,000

Cash on Hand
3
1

Credit

9,500

101,600

101,600

Project
In
Tle

Submitted By: Andronico Miguel Francisco

Llanto
Sumbimmited to: Mrs. Lily-King Villaluz