account info
DESCRIPTION
AccountsTRANSCRIPT
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Adjusting Entries:
31 Insurance Expense 1,667 520
Prepaid Insurance 1,667 140
-paid 1 month insurance.
31 Supplies Expense 35,000540
Medical Supplies 35,000 130
-medical supplies that is consumed in months end.
31 Depreciation Expense-Bldg. 5,000570
Depreciation Expense-Equipt. 9,000580
Accumulated Depreciation-Medical Building 5,000 165
Accumulated Depreciation-Medical Equipment 9,000 175
-expense on depreciation of building & equipment was incurred.
31 Unearned Research Revenues 30,000 260
Research Revenues 30,000 420
-earned research revenues.
31 Salaries Expense 51,000510
Salaries Payable 51,000 240
-Salaries accrued not yet paid.
31 Interest Expense 28,000590
20% Notes Payable 20,000 220
24% Notes Payable 8,000 210
-interest on the two Notes payable.31 Supplies Expense 35,000540
Medical Supplies 35,000 130