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bonnie3
May 24, 2009, 01:03 PM
Can someone tell me which type of Adjustments (Adjusted Trial Balance or Adjustment) the following are? Im trying to put them in my balance sheet.And would they be accounts recievable or notes payable or something else. I am confused


a. As of December 31, 2005, employees had earned $900 of unpaid and unrecorded salaries. The
Next payday is January 4, at which time $1,600 of salaries will be paid.
b. The cost of supplies still available at December 31, 2005, is $2,700.
c. The notes payable requires an interest payment to be made every three months. The amount
Of unrecorded accrued interest at December 31, 2005, is $1,250. The next interest payment,
At an amount of $1,500, is due on January 15, 2006.
d. Analysis of the unearned member fees account shows $5,600 remaining unearned at December
31, 2005.
e. In addition to the member fees included in the revenue account balance, the company has earned
Another $9,100 in unrecorded fees that will be collected on January 31, 2006. The company
Is also expected to collect $8,000 on that same day for new fees earned in January 2006.
f. Depreciation expense for the year is $12,500.

morgaine300
May 24, 2009, 03:37 PM
The problem here is that all your adjusting entries are different, although there are 4-5 (depending on how you look at it) patterns they tend to follow. We don't do your homework for you, and the explanation required for you to get through all of these is a chapter long. This isn't the best format if you're completely lost on adjusting entries. It's OK to check one or two of them, but not to get enough explanation to do that many different ones.

And I can tell you're completely lost, because all adjusting entries affect both an income statement account and a balance sheet account, and they are journal entries like any other journal entry, with a debit and a credit. You don't "put them into" the balance sheet. You make a normal entry, you re-balance any accounts affected, and then those balances carry over into the income statement and balance sheet.

Since I can't lecture an entire chapter in a post (which is what you need), I am going to suggest that you try to find examples of these in your textbook and see what of it you can do on your own. You can post them if you like and someone can check them and help you further.

If your textbook is too lousy to show decent examples with explanation, you can try looking at this:
Adjusting Entries | AccountingCoach.com (http://www.accountingcoach.com/online-accounting-course/08Xpg01.html)