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  • Date Debit Credit Adjusting Entries Particulars

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    Jean Dela Cruz
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    This document lists adjusting entries made on December 31 to record accrued interest receivable, prepaid interest, bad debts expense, prepaid advertising, unearned rent, depreciation expense, and supplies expense. Debit accounts are increased and credit accounts are decreased to record expenses, revenues, and asset/liability adjustments for the period.

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    This document lists adjusting entries made on December 31 to record accrued interest receivable, prepaid interest, bad debts expense, prepaid advertising, unearned rent, depreciation expense, and supplies expense. Debit accounts are increased and credit accounts are decreased to record expenses, revenues, and asset/liability adjustments for the period.

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    9 views1 page

    Date Debit Credit Adjusting Entries Particulars

    Uploaded by

    Jean Dela Cruz
    This document lists adjusting entries made on December 31 to record accrued interest receivable, prepaid interest, bad debts expense, prepaid advertising, unearned rent, depreciation expense, and supplies expense. Debit accounts are increased and credit accounts are decreased to record expenses, revenues, and asset/liability adjustments for the period.

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    © All Rights Reserved
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    10

    ADJUSTING ENTRIES
    Date Particulars Debit Credit
    Dec-31 Interest Receivable ₱ 8.75
    Interest Income ₱ 8.75
    1,500 x 14% x 20/360

    Interest Expense 27.00


    Prepaid Interest 27.00
    1,800 x 18% x 30/360

    Bad Debts Expense 700.00


    Allowance for Bad Debts 700.00

    Prepaid Advertising 1,600.00


    Advertising Expense 1,600.00

    Rent Income 3,000.00


    Unearned Rent 3,000.00

    Depreciation Expense- Office Equipment 3,500.00


    Accumulated Depreciation- Office Equipment 3,500.00

    Supplies 5,000.00
    Supplies Expense 5,000.00
    ₱ 13,836 ₱ 13,836

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