| Remember, that for every transactions, your TOTAL DEBITS MUST EQUAL YOUR TOTAL CREDITS.
1) Office supplies had a balance of $168 on Jan 1. Purchases debited to office supplies during the year amount to $830. A year end inventory reveals supplies of $570 oon hand.
Office Supplies Account:
Opening Balance 168
Purchases 830
Used Up ??????
Ending Balance 570
Therefore, must have used up $428
Dr. Supplies Expense 428
Cr. Supplies 428
2) Depreciation of office equipment is estimated to be $4,260 for the year
Dr. Depreciation 4,260
Cr. Accumulated Depreciation 4,260
3) property taxes for six months, estimated to be $1,750, have accrued but have not been recorded.
Dr. Property Taxes Expense 1,750
Cr. Property Taxes Payable 1,750
4) Unrecorded interest receivable on U.S. government bonds is $1,700
Dr. Interest Receivable 1,700
Cr. Interest Revenue 1,700
5) Unearned revenue has a balance of $1,800. Services for$600 received in advance have now been preformed
Dr. Unearned Revenue 600
Cr. Revenues 600
6) Services totaling $400 have been performed, the customer has not yet been billed.
Dr. AR 400
Cr. Sales 400 | 
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