Key Accounting Principles Volume 1, 4th Edition - Textbook - page 397

Appendix I
Review Exercise Solutions
397
Account: Accounts Receivable
GL. No. 105
Date
Description
PR DR CR Balance
2016
Jun 1 Opening Balance
3,100 DR
Jun 18
J1
1,500
4,600 DR
Jun 30 Adjusting Entry
J2
900
5,500 DR
Account: Prepaid Insurance
GL. No. 110
Date
Description
PR DR CR Balance
2016
Jun 1 Opening Balance
0 DR
Jun 3
J1
1,200
1,200 DR
Jun 30 Adjusting Entry
J2
100 1,100 DR
Account: Equipment
GL. No. 120
Date
Description
PR DR CR Balance
2016
Jun 1 Opening Balance
6,000 DR
Account: Accumulated Depreciation
GL. No. 125
Date
Description
PR DR CR Balance
2016
Jun 30 Adjusting Entry
J2
100 100 CR
Account: Accounts Payable
GL. No. 200
Date
Description
PR DR CR Balance
2016
Jun 1 Opening Balance
2,300 CR
Jun 11
J1
450 2,750 CR
Account: Interest Payable
GL. No. 205
Date
Description
PR DR CR Balance
2016
Jun 30 Adjusting Entry
J2
25
25 CR
Account: Unearned Revenue
GL. No. 210
Date
Description
PR DR CR Balance
2016
Jun 1 Opening Balance
600 CR
Jun 16
J1
300 900 CR
Jun 30 Adjusting Entry
J2
450
450 CR
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