Question: The table below presents the current year's selected accounts from ZZZ Limited at 30 June 2022. Debit Credit Office Equipment 24 000 Supplies 2 200
The table below presents the current year's selected accounts from ZZZ Limited at 30 June 2022.
|
| Debit | Credit |
| Office Equipment | 24 000 |
|
| Supplies | 2 200 |
|
| Prepaid Insurance | 4 800 |
|
| Salaries Expense | 119 200 |
|
| Rental Fees Revenue |
| 52 800 |
| Unearned Rental Fees |
| 16 800 |
1. The Office supplies of $800 were available for use on 30 June 2022
2. ZZZ Limited collected four months' rent in advance from several tenants on 1 June 2022.
3. The accrued salaries of $14 000 were not recorded as at 30 June 2022.
4. The above-mentioned prepaid insurance represents the premium paid on 1 June 2022 for one year.
5. The office equipment was purchased on 1 April, and it is expected that this office equipment will last for five years.
To Record necessary adjusting entries in the general journal on 30 June 2022.
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