Question

P3-33A The trial balance of Dynaclean Air Purification Systems at November 30, 2007, and the data needed for the month-end adjustments follow. PANAIR PURIFICATION SYSTEMS Tha Balance November 2007 Balance Account Title Debit Credi Cash 57.100 Accounts receivable 19,800 Prepaid rent 2,400 Supplier 1,200 Equipment 19,700 Accumulated depreciation $ 3.600 Accounts payable 3.300 Salary payable Uneared service revenue 2,800 Dinah Kipin.capital 49,000 Dinah Ksein, withdrawals 9,800 Service tereno Salary expense 3.800 Rent expense Depreciation expense Advertising expense 1,500 Supplies expenses Total 565.300712 565,300 1560 Adjustment data at November 30: a. Unearned service revenue still unearned, $1,100. b. Prepaid rent still in force, $400. c. Supplies used during the month, $1,000. d. Depreciation for the month, $400. e. Accrued advertising expense, $600. (Credit Accounts Payable.) f. Accrued salary expense, $500. Requirements 1. As directed by your instructor, open T-accounts (or four- column accounts) for the accounts listed in the trial bal- ance, inserting their November 30 unadjusted balances. (pp. 141-142, 80) 2. Journalize the adjusting entries and post to the T-accounts. Key the journal entries and the posted amounts by letter. Show the ending balance of each account. (pp. 141-142)

Answer 1

2) Journal entries of the adjusting entries:
date	Acc. Titles	Debit $	Credit $
a	Unearned service revenue	1700
	Service Revenue		1700
	(unearned service revenue now earned)
b	Rent expense	2000
	Prepaid rent		2000
	(rent expense booked)
c	Supplies expense	1000
	Supplies		1000
	(supplies exp. Recorded)
d	Depreciation exp.	400
	Acc Depreciation		400
	( depreciation expense recorded)
e	Advertising expense	600
	Accounts Payable		600
	(accrued advertising expense recorded)
f	Salary expense	500
	Salary payable		500
	(salary expense made payable)
1 & 2) T-Accounts:
DEBIT	AMOUNT $	CREDIT	AMOUNT $
Cash a/c
OB	7100
Accounts receivable a/c
OB	19800
Prepaid rent a/c
OB	2400	b	2000
		CB	400
Supplies a/c
OB	1200	c	1000
		CB	200
Equipment a/c
OB	19700
Acc Dep. a/c
CB	4000	OB	3600
		d	400
Accounts payable a/c
CB	3900	OB	3300
		e	600
Salary payable a/c
		f	500
Unearned service revenue a/c
a	1700	OB	2800
CB	1100
Dinah Kiein, capital a/c
		OB	40000
Dinah Kiein, withdrawals a/c
		OB	9800
Service revenue a/c
CB	17300	OB	15600
		a	1700
Salary exp. a/c
OB	3800	CB	4300
f	500
Rent exp. a/c
b	2000
Depreciation exp. a/c
d	400
Advertising exp. a/c
OB	1500	CB	2100
e	600
Supplies exp. a/c
c	1000