Make Adjusting Entries ( General Journal ), Ledger , Adjusted trail balance , Income statement, Retained Earning statement, Balance sheet and General Journal (Closing) for the mentioned General Journal.

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a. c. The Adjusting entries have been made as under: Journal entry Date Accounts title and explanation Debit $ Credit S Accounts recievable 6,400 Fees earned 6,400 (for revenue earned but not received) b. Unearned Fees 66001 Fees earned 6600 (for revenue earned) Insurance expense 3000 Prepaid insurance (36000*1/12) 3000 (for insurance premium expired) d. Advertisement expense 1,100 Prepaid advertisement (2200*1/2) 1,100 (for advertisement expired) Climbing Supplies expense 2,900 Climbing supplies (4900-2000) 2.900 (for supplies consumed) f. Depreciation expense 1.2001 Accumulated dep-equipment (57600/48) 1.200 (for depreciation charged) Interest expense 75 Interest payable (10000*9%*1/12) 75 (for interest due) h. Salaries expense 3.100 Salaries payable 3,100 (for salaries due) i. Income tax expense (14000-12750) 1.250 Income tax payable 1,250 (for taxes due) e. 2. ALPINE EXPEDITIONS Unadjusted Trial Balance December 31, 2009 ... ... $ 13,900 78,000 18,000 2,200 4,900 57,600 ..... Cash Accounts receivable. Unexpired insurance Prepaid advertising Climbing supplies Climbing equipment Accumulated depreciation: climbing equipment Accounts payable Notes payable Interest payable Income taxes payable Unearned client revenue Capital stock Retained earnings Client revenue earned Advertising expense Insurance expense .... Rent expense Climbing supplies expense Repairs expense. Depreciation expense: climbing equipment. Salaries expense........ Interest expense Income taxes expense. $ 38,400 1,250 10,000 150 1,200 9,600 17,000 62,400 188,000 7,400 33,000 16,500 8,400 4,800 13,200 57,200 150 12,750 $328.000 $328,000