Name_______________________________________________________IDNO___________________

Using the Following information prepare the necessary adjusting journal entries. Include journal entry
explanations.

1. Supplies on hand at July 31, 2010, $380.

Date Accounts Debit Credit

2. Insurance premiums expired during the year, $315.

Date Accounts Debit Credit

3. Depreciation of equipment during the year, $4,950.

Date Accounts Debit Credit

4. Wages accrued but not paid at July 31, 2010, $440.

Date Accounts Debit Credit

5. Accrued fees earned but not recorded at July 31, 2010, $1,000.

Date Accounts Debit Credit

6. Unearned fees on July 31, 2010, $750.

Date Accounts Debit Credit