Accrued salaries payable $600.
Depreciation $200 per month.
Supplies on hand $1,500.
Income tax due and unpaid at December 31 is $200.
Journalize the adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
No. Account Titles and Explanation
Debit
Credit
1 Salaries and Wages Expense
600
Salaries and Wages Payable
200
2 Accumulated Depreciation-Buildings
1500
Supplies Expense
1500
4 Income Tax Payable
200
200
Post the above adjusting entries. (Post entries in the order of journal entries presented above.)
Cash
12/1 Bal
7,300 12/6
1,600
12/8
1,900 12/15
2,000
12/10
6,400 12/20
2,100
12/27
11,931 12/23
8,036
12/31 Bal
13,795
Accounts Receivable
12/1 Bal
4,700 12/8
900
12/18
12,300 12/27
12/31 Bal
Inventory
12/1 Bal
12,100 12/10
8,200 12/18
12/13
12/23
12/31 Bal
12/31 Bal
7,536
Supplies
12/1 Bal
1,200
12/15
2,000
Equipment
12/1 Bal
22,000
12/31 Bal
22,000
Accumulated Depreciation-Equipment
12/1 Bal
200 12/1 Bal
2,200
12/31
200
12/31 Bal
2400
Accounts Payable
12/23
8,200 12/1 Bal
4,600
12/13
8,200
12/31 Bal
4,600
Salaries and Wages Payable
12/6
1,000 12/1 Bal
1,000
Common Stock
12/1 Bal
15,000
12/31 Bal
15,000
Retained Earnings
12/1 Bal
24,500
12/31 Bal
24,500
Sales Revenue
12/10
6,400
12/18
12,300
12/31 Bal
18,700
Sales Discounts
12/27
369
12/31 Bal
369