[kylazamora]

BELOW IS IN THE TRIAL BALANCE.
CASH IN BANK=1,263,600
ACCOUNTS RECEIVABLE= 382,000
MERCHANDISE INVENTORY=45,000
STORE SUPPLIES INVENTORY=10000
PREPAID INTEREST=80,000
STORE FURNITURE AND FIXTURES=150000
NOTES PAYABLE=500,000
ACCOUNTS PAYABLE=305,000
E. DETOYA CAPITAL=1,045,000
E. DETOYA DRAWINGS=30000
SALES=902000
INSTALLATION INCOME=35,000
SALES DISCOUTN=5000


Here's THE PROBLEM. WE ARE ASK FOR A ADJUSTING ENTRIES TO BE PUT IN THE TRIAL BALANCE

1. Estimated uncollectible accounts is 2% of the outstanding receivable balance.
2. Store supplies inventory revailed to have a balance of 4,000
3. After the 80,000 prepaid interest on bank loan 6,670 has expired during the month of Feb.
4. Furniture and Equipment has unestimated life with 5 years without scrap value.
5. Unpaid light and water bill for the month of Feb. 18,000

PLEASE HELP TO ANSWER THIS PROBLEM. TNX.

[morgaine300]

See my reply about the homework guidelines.