BUS–A 201 at Indiana University--Bloomington

13. Adjusting Journal Entries

in Topic 4 (Problem 13 of 18)
Journal Entry 1
Supplies Expense 750
Supplies 750
Journal Entry 2
Unearned Revenue 240
Revenue 240
Journal Entry 3
Salary Expense 900
Salary Payable 900
Journal Entry 4
Prepaid Rent 1,800
Rent Expense 1,800
Journal Entry 5
Interest Expense 40
Interest Payable 40

Net Income is 3,050