Answers
Credit Debit 15,000 15,000 500 500 400 400 Transaction General Journal Supplies Expense ($25,000 - $10,000) Supplies Insurance Expense ($6,000/12) Prepaid Insurance Depreciation Expense [($50,000-$2,000)/120] Accumulated Depreciation Unearned Service Revenue ($12,000/3) Service Revenue Accounts Receivable Service Revenue Interest Expense ($50,000 * 12% * 1/12) Interest Payable Salaries Expense ($10,000 /5* 3) Salaries Payable 4,000 4,000 2,000 2,000 500 500 6,000 6,000
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