ACCT 201 at Towson University

14. Adjusting Journal Entries

in Topic 4 (Problem 14 of 18)
Journal Entry 1
Unearned Revenue 2,600
Revenue 2,600
Journal Entry 2
Prepaid Rent 2,400
Rent Expense 2,400
Journal Entry 3
Advertising Expense 150
Prepaid Advertising 150
Journal Entry 4
Supplies Expense 1,600
Supplies 1,600
Journal Entry 5
Depreciation Expense 1,500
Accumulated Depreciation 1,500
Journal Entry 6
Salary Expense 800
Salary Payable 800

Net Income is 31,850

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Topic 4 Videos

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