Use the following information from the Adjustments columns of a 10-column work s

Question

Use the following information from the Adjustments columns of a 10-column work sheet. Adjustments Dr. Account Title No. 109 Interest receivable 124 Office supplies 128 Prepaid insurance 164 Accumulated depreciation-Office equipment 209 Salaries payable 409 Interest revenue 612 Depreciation expense-Office equipment 620 Office salaries expense 636 Insurance expense-Office equipment 637 Insurance expense-Store equipment 650 Office supplies expense Cr. (d) 718 (b) $1,854 (a) 1,104 (c) 3,300 (e) 798 (d) 718 (c) 3,300 (e) 798 (a) 530 (a) 574 (b) 1,854 $7,774 Totals $7,774

Explanation / Answer

Journal entries S.no. Accounts title and explanations Debit $ Credit $ a. Insurance expense-Store Equipment Account dr. 574 Insurance Expense-Office equipment Account Dr. 530         Prepaid insurance 1104 b. Office supplies expense Account Dr. 1854      office supplies account 1854 c. Depreciation expense-office equipment Account Dr. 3300      Accumulated depreciation-Off equip Account 3300 d. Interest receivable Account Dr. 718      Interest revenue account 718 e. Office salaries expense account Dr. 798      salaries payable 798

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