Prepare each adjusting journal entry calculated in Requirement 1. Date the entries and include explanations.

Calculations from Requirement 1:

Questions:

Credit Debit Credit Credit Account Names Cash Accounts Receivable Office Supplies Equipment Accumulated Depreciation-Equipment Salaries Payable Fisher, Capital Fisher, Withdrawals Service Revenue Salaries Expense Rent Expense Depreciation Expense-Equipment Supplies Expense Total Debit Debit $ 700 4,600 1,200 32,700 700 5700 700 32700 1100 (500) 14900 800 24800 $ 13,900 1000 800 24,800 4.600 4600 9,900 1100 11000 800 3700 1900 1000 500 51500 2,900 1,900 1000 500 $ 48,600 48,600 51500