PDA

View Full Version : Sample of adjusting entries in trial balance


ajiahhamjah
Feb 28, 2010, 01:31 AM
Prepare the relevant adjusting entries based on the information provided :

I) The unexpired portion of advertising expenses was $800
ii) The amount of salesmen's commissions owing at the last date if financial period was $700
iii) $600 of the insurance expenses is meant for the next financial period
iv) Officice mechanery repairs owed were $300
v) There were $300 of selling expenses owing at 28th February 2009
vi) $100 of miscellaneou expenses were yet to be used
vii) Mortgage interest of $1500 is yet to be paid
viii) A total od $400 of interest on bank loan is still unpaid
Ix) as at 2th February 2009, RM200 of bank interest revenue was earned but yet to be received

morgaine300
Feb 28, 2010, 01:57 AM
Please see the guidelines for posting homework:
https://www.askmehelpdesk.com/finance-accounting/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html

Beginning adjusting entries take up an entire chapter, so t'would be difficult to just give some hints. You either need to show us your attempts at the problem or ask specific questions about what you don't understand.