[anaoxo]

I've done 35 already and am unable to do these 6, please help! Need urgently as I am trying to prepare for a test tomorrow.

Adjust the following entries and post them in the general journal.
Year-end is may 31.


a) accrued salaries at year-end were $5000
b) $2520 of interest had accrued on the $72000 note payable
c) accrued revenues at year-end totalled $1700
d) $12000 worth of advertising was prepaid on January 1 of the current accounting period and debited to the prepaid avertising account. This covered four months of advertising beginning on the same date.
e) the annual amortization on the office equipment was $1800
f) interest revenue accrued at year-end totalled $350

[paraclete]

The rule is
Debit expense credit accrued expense
Credit expense debit prepayed expense
Amortisation is another way of saying depreciation, the term is incorrectly used here
Credit revenue debit accreud revenue item