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The document contains adjusting journal entries made by Cesar Cifra Accounting Firm as of December 31, 200X. The entries record unused office supplies, prepaid insurance, depreciation of office equipment, unearned rental income, accrued service income, interest receivable, estimated bad debts, and accrued salaries. An adjusted trial balance is provided showing the effect of the adjustments on the accounts.

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John Calvin
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689 views

77 F

The document contains adjusting journal entries made by Cesar Cifra Accounting Firm as of December 31, 200X. The entries record unused office supplies, prepaid insurance, depreciation of office equipment, unearned rental income, accrued service income, interest receivable, estimated bad debts, and accrued salaries. An adjusted trial balance is provided showing the effect of the adjustments on the accounts.

Uploaded by

John Calvin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Cesar Cifra Accounting Firm

Adjusting Entries
As of December 31 200X

Date Particulars Debit Credit


Dec. 31 Unused Office Suplies 320
Supplies Expense 320
To record unused office supplies

Dec. 31 Insurance Expense 5,400


Prepaid Insurance 5,400
To record payment insurance

Dec. 31 Depreciation - Office Equipment 4,500


Accumulated Depreciation - Office equipment 4,500
Provision for 6 months depreciation

Dec. 31 Unearned rental Income 4,000


Rental Income 4,000
To record 1/3 amount collected

Dec. 31 Service Income Receivable 3,000


Service Income 3,000
To record rendered service on account

Dec. 31 Interest Receivable 100


Interest Income 100
To record received interest

Dec. 31 Impairment Loss 2,250


Allowance for Impairment Loss 2,250
To record estimated bad debts of accounts receivables

Dec. 31 Salaries Expense 12,000


Salaries Payable 12,000
To record accrued salaries
Acounts Trial Balance Adjusments
Debit Credit Debit Credit
Accounts Receivable 22,500 3,000
Notes Receivable 20,000
Office Equipment 92,000
Allowance For Impairment Loss 1,200 2,250
Accumulated Depreciation 4,500 4,500
Rental Income 12,000 4,000
Service Income 450,000 3,000
Supplies Expense 6,250 320
Insurance Expense 7,200 7,200
Salaries Expense 120,000 12,000
Ending Balance 267,950 467,700
Unused Supplies 320
Prepaid Insurance 7,200
Depreciation - Office Equipment 4,500
Unearned rental Income 4,000
Interest Receivable 200
Interest Income 200
Impairment Loss 2,250
Accrued Salaries Expense 12,000
Totals 33,470 33,470
Adjusted Trial Balance
Debit Credit

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