Key Accounting Principles Volume 1, 4th Edition - Textbook - page 147

Chapter 6 The Accounting Cycle: Statements and Closing Entries
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Account: Prepaid Insurance GL. No. 110
Date Description PR DR CR Balance
2016
Jan 1 Opening Balance 0 DR
Jan 4 J1 1,200 1,200 DR
Jan 31 Adjustment J2 100 1,100 DR
Account: Equipment GL. No. 120
Date Description PR DR CR Balance
2016
Jan 1 Opening Balance 6,000 DR
Jan 7 J1 2,300 8,300 DR
Account: Accumulated Depreciation GL. No. 125
Date Description PR DR CR Balance
2016
Jan 31 Adjustment J2 150 150 CR
Account: Accounts Payable GL. No. 200
Date Description PR DR CR Balance
2016
Jan 1 Opening Balance 1,000 CR
Jan 20 J1 250 1,250 CR
Account: Interest Payable GL. No. 205
Date Description PR DR CR Balance
2016
Jan 31 Adjustment J2 25 25 CR
Account: Unearned Revenue GL. No. 210
Date Description PR DR CR Balance
2016
Jan 1 Opening Balance 900 CR
Jan 19 J1 1,100 2,000 CR
Jan 31 Adjustment J2 200 1,800 CR