[JSamuels]

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

[pready]

#1 you need to compute the amount of insurance used during the period. The entry will be Debit Insuarnce Expense and Credit Prepaid insurance

#2 Your need to calculate the depreciation for the period. The entry will be Debit Depreciation Expense and Credit Accumulated depreciation

#3 The amount is given. The journal entry will be: Debit Interest Expense and Credit Interest Payable

#4 The amount is given. The entry will be Debit Salaries Expense and Credit Salaries Payable