I have a bunch of adjusting entries I'd like to check.
1. Fees received in advance from clients $6,900.
2. Services performed for clients that were not recorded by December 31,$4,900.
3. Bad debt expense for the year is $1,430.
4. Insurance expired during the year $480.
5. Furniture and equipment is being depreciated at 12.5% per year.
6. Carlos Beltran gave the bank a 90-day, 10% note for $7,200 on December 1, 2007.
7. Rent of the building is $750 per month. The rent for 2007 has been paid, as has that for January 2008.
8. Office Salaries earned but unpaid December 31, 2007,$2,510