[winnie158]

The mortgage contract provides for a monthly payment of $1000 plus accrued interest. The June payment was not made. Interst of $280 is accrued on the mortgage.

Someone please help with the adjusting entries

[pready]

Debit Interest Expense for 280
Credit Interest Payable for 280

[winnie158]

Debit Interest Expense for 280
Credit Interest Payable for 280

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Thankss but do u know what happens to the $1000

[pready]

The mortgage should be in Mortgage Payable, so it should be recorded properly and no further entry needs to be made until the payment is made.

[winnie158]

The mortgage should be in Mortgage Payable, so it should be recorded properly and no further entry needs to be made until the payment is made.

Thanks sooo much... could u please help me with another jounral entry...

An advance fee payment of $400 for minor surgery to be performed in July 2013 was credited to Fees earned.

[pready]

Debit Fees Earned for 400
Credit Unearned Fees for 400

This is to correct the original entry, which was recorded improperly.

[winnie158]

Thankss... could u please check to see if I have done these correct

Rates owing at 30 June, $2120
DR Rates expense 2120
CR Rates payable 2120

Prepaid insurance of $1240 has expired
DR Insurance expense 1240
CR preapid isurance 1240

Salaries earned but not paid amount to $2360
DR salaries expense 2360
CR salaries payable 2360

[pready]

I do not know what rates is so your accounts could be incorrect for the first entry, but your other journal entries look correct.

[winnie158]

I can't get the adjusted trial balance to be balanced.. I think this was due to the mortgage only recorded on credit $1000...