Professional Documents
Culture Documents
Accounting
(Assignment 1)
HUDA ILYAS
01-111192-245
BBA( 2-A) |
Adjusted entries:
Serial no. Date Description Debit Credit
31st December Merchandise 11,500$
inventory expanse
1 a/c
11.500$
To merchandise
inventory a/c
31st December Supplies inventory 300$
2 expanse a/c
300$
To supplies a/c
31st December Insurance 600$
expanse a/c
3
To prepaid 600$
insurance a/c
31st December Salaries expanse 2000$
a/c
4
To salaries 2000$
payable a/c
31st December Depreciation 5200$
expanse a/c
5
To accumulated 5200$
depreciation a/c
31st December Unearned service 4800$
contracts a/c
6
To service 4800$
contract income
a/c