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THESE ARE MY ADJUSTING ENTRIES, INEED HELP FOR THE DESCRIPTION THAT YOU PUT BELOW.EXAMPLE Land...

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Accounting

THESE ARE MY ADJUSTING ENTRIES, INEED HELP FOR THE DESCRIPTION THAT YOU PUT BELOW.EXAMPLE Land dr. Cash cr (bought land in cash)

djusting entries:
S.no. Accounts title and explanations Debit $ credit $
1 Interest expense Dr. 1667
Interest payable (200000*10%*1/12) 1667
2 Depreciation expense Dr. 1725
Accumulated depreciation-Building 1120
Accumulated depreciation-Equipment 605
3 Accounts receivable Dr. 42000
Sales revenue 42000
Cost of goods sold Dr. 19000
Merchandise inventory 19000
4 Insurance expenses Dr. 483
Prepaid insurance 483
5 Unearned revenue Dr. 7500
Service revenue 7500
Cost of goods sold Dr. 3200
Merchandise inventory 3200
6 Amortization expenses Dr. 1200
Accumulated amortization-Patents 1200
7 bad debts expenses Dr. 19260
Allowance for bad debts account 19260
(42000*3% +18000)

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