| Template for adjusting entries in a journal: Column A is the letter (a through h) for the transaction, column B is for the type of adjustment, column B is for debits (DR), and column D is for credits (CR). |
| Learner: |
| Huntington Company |
| Adjusting Entries |
| 31-Dec-11 |
| | | DR | CR |
| a. | Unearned Rent Revenue | $ 6,000.00 |
| | Rent Revenue | | $ 6,000.00 |
| | (4 months of 6 months of $9,000) |
| b. | Interest Expense | $ 900.00 |
| | Interest Payable | | $ 900.00 |
| | ($30,000 × .12 × 3/12) |
| c. | Depreciation Expense | $ 5,000.00 |
| | Accumulated Depreciation - Truck | | $ 5,000.00 |
| | (amount of $5,000 is given) |
| d. | Unearned Service Revenue | $ 800.00 |
| | Service Revenue | | $ 800.00 |
| | ($4,800/12 × 2 months) |
| e. | Insurance Expense | $ 2,000.00 |
| | Prepaid Insurance | | $ 2,000.00 |
| | ($12,000/12 × 2 months) |
| f. | Accrued Service Revenue | $ 6,000.00 |
| | Service Revenues | | $ 6,000.00 |
| | (amount of $6,000 is given) |
| g. | Wages Expense | $ 17,500.00 |
| | Accrued Wages Payable | | $ 17,500.00 |
| | (amount of $17,500 is given) |
| h. | Property Tax Expense | $ 16,000.00 |
| | Accrued Taxes Payable | | $ 16,000.00 |
| | (amount of $16,000 is given) |
| End of worksheet |
Leila@
assessment_32.xls
