Acc

Journal Entries

1.Depreciation Dr 1000
To Accumulated Depreciation A/C 1000

2.Interest on Loan A/C Dr 400

To Notes Payable A/C 400

3.Insurance A/C Dr 1050

To Prepaid Insurance A/C 1050

4.Bank A/C Dr 10000

To Advance A/C 10000

5.Advance A/C Dr 30000

To Unearned Revenue A/C 30000

6.Debtors A/C Dr 4200

To Sales A/C 4200

7. Supplies Inventory Dr. 800

Physical Inventory Count Adjustment Dr. 1650
To Supplies Inventory 2450

8.Payroll A/C Dr. 3000

To O/S Payroll A/C 3000

Worksheet Debit Credit

Cash 2320
Accounts Receivable 2440
Supplies Inventory 300
Physical Inventory Count 1580
Accounts Payable 1120
Unearned Revenue 100
Capital 3600
Revenue 2400
Salaries 840
Accrued Salaries 280
Miscellaneous Expense 160
Sales 140

7640 7640