Sample of adjusting entries in trial balance
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