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Journalize the adjusting entries:

Accounts receivable	1500
Service revenue		1500
(To record unbilled revenue)
Depreciation expense	260
Accumulated depreciation		260
(To record depreciation expense for the month)
Insurance expense	160
Prepaid Insurance		160
(To charge July month portion to expense)
Supplies expense	680
Supplies		680
(To adjust month end Inventory to actual)
Salaries and Wage expense	430
Salaries and Wage payable		430
(To accrue salaries and wages payable)

Accounts Receivable				No. 112
Date	Explanation Ref	Debit	Credit	Balanace
12-Jul	J1	3600		3600
21-Jul	J1		1500	2100
25-Jul	J1	1700		3800
31-Jul	Adjusting J2	1500		5300
Supplies				No. 126
Date	Explanation Ref	Debit	Credit	Balanace
3-Jul	J1	860		860
31-Jul	Adjusting J2		680	180
Prepaid Insurance				No. 130
Date	Explanation Ref	Debit	Credit	Balanace
5-Jul	J1	1920		1920
31-Jul	Adjusting J2		160	1760
Salaries and wages payable
Date	Explanation Ref	Debit	Credit	Balanace
31-Jul	Adjusting J2		430	430

Journalize the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent Account Titles and Explanation Service Revenue Debit Credit 6800 Income Summary To close revenue account.) Income Summary 6800 3450 Salaries and Wages Ex Depreciation Expense Gasoline Expense Supplies Expense Insurance Expense 2030 320 680 160 To close expense accounts.) (To close net income (loss).) (To close net income / (loss).) Common Stock 19,200 Retained Earnings (To close dividends.) 19,200

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