Venus Joy Cebulan

BSA-2

Ocampo Enterprises
DR CR
1. Supplies Expense 2,250
Unused Supplies
2,250
to record unused supplies
2. Insurance Expense 8,500
Prepaid Insurance
8,500
to record insurance expense
3. Cash 18,000
Accrued Income 18,000
to record collected income
4. Interest Expense 22,000
Interest Payable
22,000
To record interest expense
5. Accrued Interest 13,000
Interest Income
13,000
to record earned interest
6. Salaries Expense 16,280
Salaries Payable
16,280
to record salaries expense
7.
8. Accrued Rent Expense 20,000
Rent Payable
20,000
to record accrued rent expense
9.
10. Accounts Receivable 4,200
Accrued Commision Revenue 4,200
 to record earned commission
11. Depreciation Expense 15,000
Accumulated Dep.
15,000
to record depreciation expense

Liberty
DR CR
1. Tax Expense 2,400
Tax Payable
2,400
to record tax expense
2. Salaries Expense 12,800
Salaries Payable
12,800
to record salaries expense
3. Insurance Expense 48,000
Prepaid Insurance
48,000
to record insurance expense
4. Supplies Exp. 3,000
Unused Supplies
3,000
to record supplies expense

5. Accrued Interest 4,000

Interest Income
4,000
to record accrued interest
6. Cash 2,000
Unearned rent
2,000
to record collected payment of rent in advance
7. Interest Expense 4,000
Interest Payable
4,000
to record interest expense
8. Prepaid Rent 6,000
Cash
 to record payment of rent in advance 6,000
9. Prepaid Advertising Expense 8,000
Cash
8,000
to record prepaid advertising expense
10. Depreciation Exp. 10,000
Accum. Dep.
10,000
to record depreciation expense