[jessica1019]

I need some help on the adjusting entries if possible.

a. adjust unearned photographic service revenue for September. Assume photographic revenue is earned evenly over the entire month. (refer to document 2)

document 2 states

I received a check today for $6,000 from Providence Country Club to photograph events held at the club over the next 12 months.

The answer I came up with was
dr. unearned photo service revenue for 500
cr. Photo service revenue for 500

b. expired insurance (refer to document 3)

document 3 states

Premium statement $2400 policy coverage 12 months beginning sept. 1, 200x

The answer I came up with was
dr. prepaid insurance 2200
cr. Insurance expense 2200

c. expired rent (refer to document 4)

document 4 states

rent 9/1/0x to 12/31/0x amount due $3600

The answer I came up with was
dr. prepaid rent 2700
cr. Rent expense 2700

d. photographic supplies on hand September 30, $315.00

The answer I came up with
dr. photographic supplies 315
cr. Photographic supplies exp 315

e. office supplies on hand September 30, 125

The answer I came up with
dr. office supplies 125
cr. Office supplies exp 125

f. depreciation on photographic equipment for September, 400

The answer I came up with
dr. deprec. Exp - photo equipment 400
cr. Acc dep - photo equipment 400

g. depreciation on office equipment for September, 250

The answer I came up with
dr. deprec exp - office equipment 250
cr. Acc dep - office equipment 250

h. depreciation on vehicle for sept, 500

The answer I came up with
dr. deprec exp - vehicle 500
cr. Acc dep - vehicle 500

I. salaries accrued on September 30, 350

The answer I came up with
dr. salary expense 350
cr salary payable 350

j. accrue interest on note payable ( don't worry about this one)

The answer I came up with
dr interest expense 100
cr. Interest expense 100

[CaptainForest]

a. adjust unearned photographic service revenue for September. Assume photographic revenue is earned evenly over the entire month. (refer to document 2)

document 2 states

I recieved a check today for $6,000 from Providence Country Club to photograph events held at the club over the next 12 months.

The answer I came up with was
dr. unearned photo service revenue for 500
cr. photo service revenue for 500

I can not answer this since you have not provided enough information. When did you receive the $6,000 cheque?

If you received the cheque on September 1, your JE is correct.

b. expired insurance (refer to document 3)

document 3 states

Premium statement $2400 policy coverage 12 months beginning sept. 1, 200x

The answer I came up with was
dr. prepaid insurance 2200
cr. insurance expense 2200

Assumption: Year end is Sept 30, 2006. You bought the policy on Sept. 1, 2006.

Sept. 30, 2006
Dr. Insurance Expense 200
Cr. Prepaid Insurance 200

Calculation = 2,400 / 200

Note: When you bought the policy on Sept 1, your JE would have beeen:
Dr. Prepaid Insurance 2,400
Cr. Cash 2,400

c. expired rent (refer to document 4)

document 4 states

rent 9/1/0x to 12/31/0x amount due $3600

The answer I came up with was
dr. prepaid rent 2700
cr. rent expense 2700

I am not quite sure what you are asking here in terms of the dates.

Assumption: On September 1, you prepaid rent for Sept – December

Therefore, on September 30, your JE would be:
Dr. Rent Expense 900
Cr. Prepaid Rent 900

Calculation = 3,600 / 4 = 900

This is also assuming that on Sept 1, your JE was
Dr. Prepaid Rent 3,600
Cr. Cash 3,600

d. photographic supplies on hand september 30, $315.00

The answer I came up with
dr. photographic supplies 315
cr. photographic supplies exp 315

This answer is NOT correct.

You have NOT provided enough information to give you an answer.

e. office supplies on hand september 30, 125

The answer I came up with
dr. office supplies 125
cr. office supplies exp 125

This is incorrect. See what I said above.

f. depreciation on photographic equipment for september, 400

The answer I came up with
dr. deprec. exp - photo equipment 400
cr. acc dep - photo equipment 400

Correct.

g. depreciation on office equipment for september, 250

The answer I came up with
dr. deprec exp - office equipment 250
cr. acc dep - office equipment 250

Correct.

h. depreciation on vehicle for sept, 500

The answer I came up with
dr. deprec exp - vehicle 500
cr. acc dep - vehicle 500

Correct.

i. salaries accrued on september 30, 350

The answer I came up with
dr. salary expense 350
cr salary payable 350

Correct.