prepare the adjusting journal entries that gave rise to the changes indicated 614312
Inferring adjusting journal entries from changes in T-account balances
The following information is available for Derrick Company:
|
Account |
T-Account Balance before Adjustments |
T-Account Balance |
|
Prepaid Rent |
14,500 |
11,800 |
|
Prepaid Insurance |
8500 |
7.800 |
|
Accumulated Depreciation |
36000 |
38,400 |
|
Salaries Payable |
1.300 |
2.500 |
|
Unearned Revenues |
800 |
600 |
|
Fees Earned |
87600 |
87800 |
|
Rent Expense |
6.500 |
9200 |
|
Insurance Expense |
5500 |
6,200 |
|
Depreciation Expense |
0 |
2,400 |
|
Salary Expense |
3,500 |
4,700 |
REQUIRED:
Prepare the adjusting journal entries that gave rise to the changes indicated.