Journalize the adjusting entries. Then, post the entries to the attached spreadsheet from part 2.
(Part1-3 posted just before)
Comprehensive Problem 1
Part 4 and Part 6:
The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts. Note: You must complete parts 1, 2 and 3 before completing parts 4 and 6. Please note that part 5 is optional.
Part 4: At the end of May, the following adjustment data were assembled. Analyze and use these data to complete parts (5) and (6).
a. Insurance expired during May is $275.
b. Supplies on hand on May 31 are $715.
c.
d. Accrued receptionist salary on May 31 is $325.
e. Rent expired during May is $1,600.
f. Unearned fees on May 31 are $3,210.
Part 6: Journalize the
a. Insurance expired during May is $275.
| Date | Account Name | Post. Ref. | Debit | Credit |
|---|---|---|---|---|
| May 31 | ||||
b. Supplies on hand on May 31 are $715.
| Date | Account Name | Post. Ref. | Debit | Credit |
|---|---|---|---|---|
| May 31 | ||||
c. Depreciation of office equipment for May is $330.
| Date | Account Name | Post. Ref. | Debit | Credit |
|---|---|---|---|---|
| May 31 | ||||
d. Accrued receptionist salary on May 31 is $325.
| Date | Account Name | Post. Ref. | Debit | Credit |
|---|---|---|---|---|
| May 31 | ||||
e. Rent expired during May is $1,600.
| Date | Account Name | Post. Ref. | Debit | Credit |
|---|---|---|---|---|
| May 31 | ||||
f. Unearned fees on May 31 are $3,210.
| Date | Account Name | Post. Ref. | Debit | Credit |
|---|---|---|---|---|
| May 31 | ||||
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