How to prepare the reversing entries from the adjustingentries as follows and tr

Question

How to prepare the reversing entries from the adjustingentries as follows and tranferrer to the ledger ? Advertising expenses prepaid 800 Advertisingexpenses 800 Salesmen'scommissions 700 Salesmen'scommissions accrued 700 Insuranceexpenses 600 Insuranceexpenses prepaid 600 Office machineryrepairs 300 Office machineryrepairs owing 300 SellingExpenses 300 Selling expensesaccrued 300 MiscellaneousExpenses in advance 100 Miscellaneousexpenses 100 Mortgage InterestExpenses 1,500 Mortgage Interestowing 1,500 Interest on bankloan 400 Interest on bankloan owing 400 Bank InterestRevenue accrued 200 Bank InterestRevenue 200 How to prepare the reversing entries from the adjustingentries as follows and tranferrer to the ledger ? Advertising expenses prepaid 800 Advertisingexpenses 800 Salesmen'scommissions 700 Salesmen'scommissions accrued 700 Insuranceexpenses 600 Insuranceexpenses prepaid 600 Office machineryrepairs 300 Office machineryrepairs owing 300 SellingExpenses 300 Selling expensesaccrued 300 MiscellaneousExpenses in advance 100 Miscellaneousexpenses 100 Mortgage InterestExpenses 1,500 Mortgage Interestowing 1,500 Interest on bankloan 400 Interest on bankloan owing 400 Bank InterestRevenue accrued 200 Bank InterestRevenue 200 Advertising expenses prepaid 800 Advertisingexpenses 800 Salesmen'scommissions 700 Salesmen'scommissions accrued 700 Insuranceexpenses 600 Insuranceexpenses prepaid 600 Office machineryrepairs 300 Office machineryrepairs owing 300 SellingExpenses 300 Selling expensesaccrued 300 MiscellaneousExpenses in advance 100 Miscellaneousexpenses 100 Mortgage InterestExpenses 1,500 Mortgage Interestowing 1,500 Interest on bankloan 400 Interest on bankloan owing 400 Bank InterestRevenue accrued 200 Bank InterestRevenue 200

Explanation / Answer

Advertising expenses prepaid 800     Advertising expenses 800 Reversing entry Advertising expenses 800    Advertisingexpenses prepaid 800 Salesmen's commissions 700    Salesmen's commissions accrued 700 Reversing entry Salesmen's commissionsaccrued 700    Salesmen'scommissions 700 Insurance expenses 600    Insurance expenses prepaid 600 Reversing entry Insurance expensesprepaid 600    Insuranceexpenses 600 Office machinery repairs 300     Office machinery repairsowing 300 Reversing entry Office machinery repairsowing 300    Office machineryrepairs 300 Selling Expenses 300    Selling expenses accrued 300 Reversing entry Selling expensesaccrued 300    SellingExpenses 300 Miscellaneous Expenses in advance 100    Miscellaneous expenses 100 Reversing entry Miscellaneousexpenses 100    MiscellaneousExpenses in advance 100 Mortgage Interest Expenses 1,500    Mortgage Interest owing 1,500 Reversing entry Mortgage Interestowing 1,500    MortgageInterest Expenses 1,500 Interest on bank loan 400    Interest on bank loan owing 400 Reversing entry Interest on bank loanowing 400    Interest on bankloan 400 Bank Interest Revenue accrued 200    Bank Interest Revenue 200 Reversing entry Bank InterestRevenue 200    Bank InterestRevenue accrued 200
Advertising expenses prepaid 800     Advertising expenses 800 Reversing entry Advertising expenses 800    Advertisingexpenses prepaid 800 Salesmen's commissions 700    Salesmen's commissions accrued 700 Reversing entry Salesmen's commissionsaccrued 700    Salesmen'scommissions 700 Insurance expenses 600    Insurance expenses prepaid 600 Reversing entry Insurance expensesprepaid 600    Insuranceexpenses 600 Office machinery repairs 300     Office machinery repairsowing 300 Reversing entry Office machinery repairsowing 300    Office machineryrepairs 300 Selling Expenses 300    Selling expenses accrued 300 Reversing entry Selling expensesaccrued 300    SellingExpenses 300 Miscellaneous Expenses in advance 100    Miscellaneous expenses 100 Reversing entry Miscellaneousexpenses 100    MiscellaneousExpenses in advance 100 Mortgage Interest Expenses 1,500    Mortgage Interest owing 1,500 Reversing entry Mortgage Interestowing 1,500    MortgageInterest Expenses 1,500 Interest on bank loan 400    Interest on bank loan owing 400 Reversing entry Interest on bank loanowing 400    Interest on bankloan 400 Bank Interest Revenue accrued 200    Bank Interest Revenue 200 Reversing entry Bank InterestRevenue 200    Bank InterestRevenue accrued 200

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