ADJUSTMENT ENTRIES December 31, 2011 JOURNAL EN

Date Account name Debit Credit Date

a Cash $3,000 c
The Office Supplies $3,000
Supplies Expense 9,760
Supplies 9,760 e
b 1-Apr-2010 Insurance Expense 7,920
Prepaid Insurance 7,920
1-Apr-2011 Insurance Expense 3,267
Prepaid Insurance 3,267
1-Aug-2011 Insurance Expense 1,125
Prepaid Insurance 1,125
c Salaries Expense 4,200
Cash Payable 4,200
d Depreciation Expense 27,000
Accumulated Depreciation 27,000
e Account Receivable 2,400
Rent Earned 2,400
f Unearned Revenue 4,350
Revenue 4,350
 JOURNAL ENTRIES
Description Debit Credit
Cash Payable $4,200
Salaries Expense 6,300
Cash $10,500
Cash 4,800
Cash Receivable 2,400
Rent Earned 2,400
1) ADJUSTMENT ENTRIES December 31, 2011 2) ADJUSTMENT EN
Date Account name Debit Credit Date
Nov. 1 Prepaid Expense (Advertising) $1,500 Nov. 1
Cash $1,500
Nov. 1 Prepaid Expense (Insurance) 2,160 Nov. 1
Cash 2,160
Nov. 30 Cash 3,300 Nov. 30
Unearned Revenue 3,300
Dec. 1 Prepaid Expense (Services) 2,700 Dec. 1
Cash 2,700
Dec. 15 Cash 7,650 Dec. 15
Unearned Revenue 7,650
Dec. 31 Advertising Expense 600 Dec. 31
Prepaid Expense (Advertising) 600
Dec. 31 Insurance Expense 360 Dec. 31
Prepaid Expense (Insurance) 360
Dec. 31 Unearned Revenue 2,100 Dec. 31
Revenue 2,100
Dec. 31 Services Expense 900 Dec. 31
Prepaid Expense (Services) 900
Dec. 31 Unearned Revenue 3,000 Dec. 31
Revenue 3,000
 ADJUSTMENT ENTRIES December 31, 2011
Account name Debit Credit
Advertising Expense $1,500
Prepaid Expense (Advertising) $1,500
Insurance 2,160
Prepaid Expense (Insurance) 2,160
Unearned Revenue 3,300
Revenue 3,300
Services Expense 2,700
Prepaid Expense (Services) 2,700
Unearned Revenue 7,650
Revenue 7,650
Prepaid Expense (Advertising) 600
Cash 600
Prepaid Expense (Insurance) 360
Cash 360
Cash 2,100
Unearned Revenue 2,100
Prepaid Expense (Services) 900
Cash 900
Cash 3,000
Unearned Revenue 3,000