. In the journal provided, prepare adjusting entries for the


Question Description:

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. In the journal provided, prepare adjusting entries for the following items. Omit explanations. a. Unrecorded interest on savings bonds is $680. b. Property taxes incurred but not paid or recorded amount to $540. c. Legal fees of $5,000 were collected in advance. By year end, 60 percent were still unearned. d. Prepaid Insurance had a $1,600 debit balance prior to adjustment. By year end, 40 percent was still unexpired. e. Salaries incurred by year end but not yet paid or recorded amounted to $1,375. f. Services totaling $900 have been performed but not yet recorded or billed. General Journal Page 1 Date Description Post. Ref. Debit Credit

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