Accoutning Cycle Project Q6:

Comprehensive Problem 1 Part 4 and Part 6: The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts. Note: You must complete parts 1, 2 and 3 before completing parts 4 and 6. Please note that part 5 is optional. Part 4: At the end of May, the following adjustment data were assembled. Analyze and use these data to complete parts (5) and (6). a. Insurance expired during May is $275. b. Supplies on hand on May 31 are $715. c. Depreciation of office equipment for May is $330. d. Accrued receptionist salary on May 31 is $325. e. Rent expired during May is $1.600. f. Unearned fees on May 31 are $3,210. Part 6: Journalize the adjusting entries. Then, post the entries to the attached spreadsheet from part 2. a. Insurance expired during May is $275. Account Name. Post. Ref. Debit Credit Part 6: Journalize the adjusting entries. Then, post the entries to the attached spreadsheet from part 2. a. Insurance expired during May is $275. Account Name Post. Ref. Debit Credit b. Supplies on hand on May 31 are $715. Account Name Post. Ref. Debit Credit c. Depreciation of office equipment for May is $330. Account Name Post. Ref. Debit Credit d. Accrued receptionist salary on May 31 is $325, ^ d. Accrued receptionist salary on May 31 is $325. Account Name Post. Ref. e. Rent expired during May is $1,600. Account Name t. Unearned fees on May 31 are $3.210. Account Name Check My Work Post. Ref. Post. Ref. Debit Debit Debit Credit Credit Credit