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  • Summa Cum Laude Company Adjusting Entries

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    DJazel Tolentino
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    This document records adjusting journal entries made on December 31, 2019. The entries include accruing rent receivable and adjusting accounts for supplies expense, insurance expense, depreciation expense, unearned rent revenue, and salaries and wages expense by debiting expenses and crediting liabilities or accumulated accounts. In total, expenses of ₱407,666.67 were adjusted through debit entries with equal credits to liability and accumulated accounts.

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    This document records adjusting journal entries made on December 31, 2019. The entries include accruing rent receivable and adjusting accounts for supplies expense, insurance expense, depreciation expense, unearned rent revenue, and salaries and wages expense by debiting expenses and crediting liabilities or accumulated accounts. In total, expenses of ₱407,666.67 were adjusted through debit entries with equal credits to liability and accumulated accounts.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    43 views1 page

    Summa Cum Laude Company Adjusting Entries

    Uploaded by

    DJazel Tolentino
    This document records adjusting journal entries made on December 31, 2019. The entries include accruing rent receivable and adjusting accounts for supplies expense, insurance expense, depreciation expense, unearned rent revenue, and salaries and wages expense by debiting expenses and crediting liabilities or accumulated accounts. In total, expenses of ₱407,666.67 were adjusted through debit entries with equal credits to liability and accumulated accounts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    Adjusting Entries Page 1

    Date
    Description P/R Debit Credit
    2019
    Dec 31 Rent receivable ₱ 5 4 0 0 0 00
    Rent revenue ₱ 5 4 0 0 0 00

    31 Supplies expense 7 0 0 0 00
    Supplies 7 0 0 0 00

    31 Insurance expense 2 0 0 0 0 00
    Prepaid insurance 2 0 0 0 0 00

    31 Depreciation expense 1 7 6 6 6 6 67
    Accumulated depreciation - Building 1 6 6 6 6 6 67
    Accumulated depreciation - Furniture and Fixtures 8 3 3 3 33
    Accumulated depreciation - Computers 1 6 6 6 67

    31 Unearned rent revenue 1 0 0 0 0 0 00


    Rent revenue 1 0 0 0 0 0 00

    31 Salaries and wages expense 5 0 0 0 0 00


    Salaries and wages payable 5 0 0 0 0 00
    Totals ₱ 4 0 7 6 6 6 67 ₱ 4 0 7 6 6 6 67

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