How to do journal entries in accounting
I have a balance of $450 debit-prepaid insurance. The insurance policy is dated December 1; the monthly insurance cost is $50.
I have a balance of $20,000-cameras. The cameras were purchased January 1, 2007. The estimated life is five years.
The balance of unearned revenue before adjusting entries is $5,700 credit. The balance in unearned revenue is now $2000
Interest owed but not paid on the note was $30. The note payable balance is $3000 credit.
I need to know where to place them on the journal entries and adjusted trial balance.
The salaries expense is $2,400 debit; Salaries owed but not paid at December 31 were $2000