J. P.

Peralta Computer Clinic

Adjusting Entries
For the Month Ended December 31, 2020
General Journal

Date Particulars PR Debit Credit

Dec 31 Unused Supplies P 3,287 P

Supplies Expense 3,287

To record unused supplies

Prepaid Advertising 5,000

Advertising Expense 5,000

To record the prepaid advertising

Accrued Interest Income 2.67

Interest Income 2.67

To record accrued interest income

Salaries Expense 16,000

Salaries Payable 16,000

To record accrued salaries expense

Depreciation - Furniture. And Fixtures 800

Depreciation - Office Equipment 1,500

Depreciation - Repair Equipment 122.5

Accum. Dep’n - Furniture and Fixture 800

Accum. Dep’n - Office Equipment 1,500

Accum. Dep’n – Repair Equipment 122.5

Impairment Loss 1,020

Allowance for Impairment Loss 1,020

To record provision for bad debts

Interest Expense 96

Interest Payable 96

To record accrued interest expense

Service Income 2,000

Unearned Service Income 2,000

To record unearned service Income

Prepaid Rent 3000

Rent Expense 3000

To recognize prepaid rent

Taxes and License Expense 120

Taxes and License Payable 120

To record accrued taxes and license exp.