The following adjusting entries were journalized on December 31, 2021. If a reversing entry is needed, journalize the reversing entry on January 1, 2022. Make sure to enter the day for each separate transaction. Date Dec Account Title Debit Credit 31 Supplies Expense 520 Supplies 520 31 Interest Receivable 1,200 Interest Revenue 1,200 31 Deferred Insurance 965 Insurance Revenue 965 Date Account Title Debit Credit
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PA10.) Prepare journal entries to record the following transactions. Create a T-account for Interest Payable, post any entries that affect the account, and tally the ending balance for the account (assume Interest Payable beginning balance of $2,500). March 1, paid interest due on note, $2,500 2. December 31, interest accrued on note payable, $4,250
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Journal entry worksheet Purchased supplies for $14,000; issued Check 1015 Note: Enter debits before credits Date: Jan. 02, 20X2 General Journal Supplies Cash Debit: 1,400 Credit: 1,400 Record entry Clear entry View general journal Requirement Adjusting and Closing
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