1. Page No: 181 -182
Problem No: 4.3
Adjusting Entries
NO:
a.
b.
c.
d.
e.
f.
g.
h.
ADJUSTMENTS
Interest expense
Interest payable
DEBIT $
180
Salaries expense
Salaries payable
3,470
Unearned retainer fees
Legal fees earned
7,700
Legal fees receivable
Legal fees earned
4,780
Insurance expense
Unexpired insurance
(3,000/6=500)
500
Office rent expense
Prepaid office ent
1,600
Office supplies expense
Office supplies
(1,460-1100=360)
360
Depreciation expense
Accumulated depreciation: office equipment
(26,400/10=2,640/12=220)
220
180
3,470
7,700
4,780
500
1,600
360
1. Cash
Debit $
Balance B/F
10,060
Balance B/F
10,060/=
10,060
2. Legal fees receivable
Debit $
d.
4,780
Balance B/F
4,780/=
4,780
Adjusting Entries
CREDIT $
Credit $
Balance C/F
220
10,060
10,060/=
Credit $
Balance C/F
4,780
4,780/=

2. Page No: 181 -182
Problem No: 4.3
3. Unexpired insurance
Debit $
Balance B/F
3,000
Balance B/F
3,000/=
2,500
4. Prepaid office rent
Debit $
Balance B/F
4,800
Balance B/F
4,800/=
3,200
5. Office supplies
Debit $
Balance B/F
1,460
Balance B/F
1,460/=
1,100
6. Office equipment
Debit $
Balance B/F
26,400
Balance B/F
Credit $
e.
Balance C/F
Credit $
f.
Balance C/F
Credit $
g.
Balance C/F
26,400/=
26,400
Credit $
Balance C/F
500
2,500
3,000/=
1,600
3,200
4,800/=
360
1,100
1,460/=
26,400
26,400/=
7. Accumulated depreciation: Office equipment
Debit $
Credit $
Balance C/F
220
h.
220/=
220
Balance B/F
8. Notes payable
Debit $
Balance C/F
16,000
16,000/=
Adjusting Entries
220/=
220
Credit $
Balance B/F
16,000
16,000/=

3. Page No: 181 -182
Problem No: 4.3
Balance B/F
180
180/=
180
Credit $
b.
3,470
Balance B/F
3,470/=
3,470
Credit $
Balance B/F
16,020
Balance B/F
16,020/=
8,320
Credit $
Balance B/F
20,000
Balance B/F
180
Credit $
a.
Balance B/F
9. Interest payable
Debit $
Balance C/F
16,000
20,000/=
10,060
Credit $
Balance C/F
4,000
180/=
10. Salaries payable
Debit $
Balance C/F
3,470
3,470/=
11. Unearned retainer fees
Debit $
c.
Balance C/F
12. Pat hamiltion, capital
Debit $
Balance C/F
7,700
8,320
16,020/=
20,000
20,000/=
13. Pat hamilton, drawing
Debit $
Balance B/F
4,000
Balance B/F
4,000/=
4,000
14. Legal fees earned
Debit $
Balance C/F
6,360
Adjusting Entries
4,000/=
Credit $
Balance B/F
d.
1,580
4,780

4. Page No: 181 -182
Problem No: 4.3
6,360/=
Balance B/F
15. Salaries expense
Debit $
Balance B/F
b.
Balance B/F
2,680
3,470
6,150/=
6,150
16. Miscellaneous expense
Debit $
Balance B/F
1,200
Balance B/F
6,360/=
6,360
Credit $
Balance C/F
6,150
1,200/=
1,200
17. Office rent expense
Debit $
f.
1,600
Balance B/F
6,150/=
Credit $
Balance C/F
1,200/=
1,600/=
1,600
18. Office supplies expense
Debit $
g.
360
Balance B/F
Credit $
Balance C/F
Balance B/F
20. Interest expense
Debit $
a.
Adjusting Entries
Credit $
Balance C/F
360
360/=
Credit $
Balance C/F
220/=
220
180
1,600
1,600/=
360/=
360
19. Depreciation expense: Office equipment
Debit $
h.
220
1,200
220
220/=
Credit $
Balance C/F
180

5. Page No: 181 -182
Problem No: 4.3
Balance B/F
180/=
180
21. Insurance expense
Debit $
e.
500
Balance B/F
500/=
500
No.
180/=
Credit $
Balance C/F
500
500/=
1.
Adjustments
Cash
Debit $
10,060
2.
Legal fees receivable
4,780
3.
Unexpired insurance
2,500
4.
Prepaid office rent
3,200
5.
Office supplies
1,100
6.
Office equipment
26,400
7.
Accumulated depreciation: office equipment
220
8.
Notes payable
16,000
9.
Interest payable
180
10.
Salaries payable
3,470
11.
Unearned retainer fees
8,320
12.
Pat Hamilton, Capital
20,000
13.
Pat Hamilton, Drawing
14.
Legal fees earned
15.
Salaries expense
6,150
16.
Miscellaneous expense
1,200
Adjusting Entries
Credit $
4,000
6,360

6. Page No: 181 -182
Problem No: 4.3
17.
Office rent expense
1,600
18.
Office supplies expense
360
19.
Depreciation expense: Office Equipment
220
20.
Interest expense
180
21.
Insurance expense
500
Total
62,250/=
Adjusting Entries
54,550/=

7. Page No: 181 -182
Problem No: 4.3
17.
Office rent expense
1,600
18.
Office supplies expense
360
19.
Depreciation expense: Office Equipment
220
20.
Interest expense
180
21.
Insurance expense
500
Total
62,250/=
Adjusting Entries
54,550/=