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  • Apr 25, 2009, 06:33 AM
    hush67
    Accounting
    How do you prepare an adjusting entrie for these following things. Omit explanations

    1. Unrecorded interest accured on savings bond is $410.
    2. Property taxes incurred but not paid or recorded amount to $800.
    3. Legal services revenues of 4000 were collected in advance. By year end 900 was still unearned.
    4.prepaid insurance had a $500 debit balance proir to adjustment. By year end, 60 percent was still unexpired.
    5. Salaries inccured by year end but not yet paid or recorded amounted to $650.
  • Apr 27, 2009, 05:15 PM
    pready

    1. Interest Receivable and Interest Revenue
    2. Property Tax expense, Property Tax payable
    3. Legal Service Revenue, Unearned Legal Service Revenue
    4. Insurance Expense, Perepaid Insurance
    5. Salaries Expense, Salaries Payable

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