1、27,000 Craig Miller, CapitalOwner invested in businessPrepaid Rent4,800 CashPaid 6-month rent in advanceEquipment3,500Bought equipmentPrepaid Advertising1,920Paid one year advertising in advance4Supplies1,450Purhased supplies6Equipment 4,100 Accounts Payable Purchased equipment on credit15Salaries E
2、xpense1,200Paid semi-month salaries22Telephone Expense75Paid telephone bill31Cash 2,400Accounts Receivable3,855 Fees6,255Performed servicesUtilities Expense160Paid utilities billGENERAL JOURNAL Page 2ADJUSTING ENTRIESSupplies Expense750 SuppliesRecord supplied consumedRent Expense800 Prepaid RentAdj
3、ust for expired rentAdvertising Expense Prepaid AdvertisingAdjust for expired advertisementDepreciation Expense-Equipment110 Accum. Depr.-EquipmentAdjust for depreciationCLOSING ENTRIESFees Income SummaryTo close revenue accountIncome Summary4,455 Salaries Expense Telephone Expense Utilities Expense
4、 Supplies Expense Rent Expense Advertising Expense Depr. Expense-EquipmentTo close expenses accounts1,800To close Income Summary accountGeneral LedgerAccount Name: CASH No.101 Page: 1EXPLANATIONBALANCEOwner investmentJ1Paid rent in advance22,20018,700Paid ad. in advance16,780Purshased supplies15,33014,33014,05516,45516,295J215,095 ACCOUNTS RECEIVABLE No.111 Page: 2 SUPPLIES No.121 Page: 3700Account N