Journal eneries and T accounts from Problem 1:

Plese do the exercise using information above:

Adjusting entries:

1. Salaries earned by Starbucks employees that have not yet been recorded or paid amount to 6.667.
2. Depreciation of the building is based on an estimated life of 20 years. The straight-line method is used.
3. Depreciation of the machines is based on an estimated life of 10 years. The straight-line method is used.
4. Depreciation of the Equipment is based on an estimated life of 10 years. The straight-line method is used.
5. Unrecorded Income Taxes Expense accrued in August amounts to 60,000. This amount will not be paid until January 15, 2023.
6. No interest expense has been recorded or paid.
7. No insurance expense has been recorded or paid.

1) Record the journal entries for the adjusting entries.

2) Post the adjusting entries onto the appropriate ledger T accounts. Calculate and show the ending balance for each T account (The same T accounts that you have used in problem 1)

3) Prepare a trial balance.

Thank you.