Question & Answer: Debit Credit Cash Accounts Receivable Equipment Insurance Expense Salaries and Wages Expense Supplies Expense Advertising Expense Rent Expense Utilities Expen…..

Debit Credit Cash Accounts Receivable Equipment Insurance Expense Salaries and Wages Expense Supplies Expense Advertising Expense Rent Expense Utilities Expense $8,600 14,000 45,000 2,700 30,000 3,700 1,900 1,500 1,700 $109,100 Notes Payable Accounts Payable Owner’s Capital Sales Revenue Service Revenue $20,000 9,000 22,000 52,100 6,000 $109,100 the following additional data. Analysis reveals 1. The $3,700 balance in Supplies Expense represents supplies purchased in January. At June 30, $1,500 of supplies are on hand 2. The note payable was issued on February 1 . It is a 996, 6-month note 3. The balance in Insurance Expense is the premium on a one-year policy, dated March 1, 2017 4. Service revenues are credited to revenue when received. At June 30, services revenue of $1,300 are unearned. 5. Revenue for services performed but unrecorded at June 30 totals $2,000 6. Depreciation is $2,250 per year: Instructions (a) Journalize the adjusting entries at June 30. (Assume adjustments are recorded every 6 months.) (b) Prepare an adjusted trial balance