Question: This is a single question. Please solve this. (Fill in the blanks) Taslima Hasan is operating her own clinic business, TH Chamber. The trial balance

This is a single question. Please solve this. (Fill in the blanks) Taslima Hasan is operating her own clinic business, TH Chamber. The trial balance for TH Chamber at January 31, 2021 is shown below. The company prepares monthly financial statements. Account Titles . . . . . . . . . . . . . Debit ($) . . . . . . . . . . .Credit ($) Cash. . . . . . . . . . . . . . . . . . . . . . .10780 Accounts Receivable . . . . . . . . 2400 Supplies . . . . . . . . . . . . . . . . . . . 2300 Prepaid Insurance . . . . . . . . . . . 2700 Equipment . . . . . . . . . . . . . . . . . 7000 Furniture. . . . . . . . . . . . . . . . . . . 7000 Accounts Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4400 Unearned Service Revenue . . . . . . . . . . . . . . . . . . . . . . . . 3000 Owner's Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19000 Service Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7300 Salaries Expense . . . . . . . . . . . . 7700 Utilities Expense . . . . . . . . . . . . 120 Loan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6300 Total . . . . . . . . . . . . . . . . . . . . . . 40000 . . . . . . . . . . . . . . . 40000 Instructions: Prepare the adjusting entries of the followings for the month of January, 2021. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Adjustment 1. 1. Unearned service revenue of $2200 was earned in January, 2021. Account to be debited is ________ Account to be credited is ________ Amount is $ ________

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Adjustment 2. 2. Rent expense incurred but not paid on January 31, 2021 totalled $2380. Account to be debited is ________ Account to be credited is ________ Amount is $ ________ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Adjustment 3. 3. TH Chamber has separate insurance policies on its equipment and its furniture. Policy A on the equipment, which was purchased on June 1, 2020 for $2472 has a term of 2 years. Policy B on the furniture, which was purchased on January 1, 2021 for $1272 has a term of 2 years. Account to be debited is ________ Account to be credited is ________ Amount is $ ________ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Adjustment 4. 4. A count on January 31, 2021 shows $570 of supplies on hand. Account to be debited is ________ Account to be credited is ________ Amount is $ ________ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Adjustment 5. 5. Annual depreciation on equipment is $564. The equipment was purchased on January 1, 2020. Account to be debited is ________ Account to be credited is ________ Amount is $ ________

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!