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Adjusting Entries: Question 1: 1 1. 1 Balance - OFFICE SUPPLIES 13500 2. Balance STORE SUPPLIES 15000 Data: Office Supplies is used Rs. 3500. Data: Store Supplies is unused Rs. 5000. SALARIES EXPENSE 3. Balance PREPAID RENT 45000 4. Balance 130000 Data: Rent is prepaid Rs. 25000 Data: Actual Salaries Expense for the Year is amounting to Rs. 124000. SALES SUPPLIES EXPENSE STORE SUPPLIES EXPENSE 5. Balance 6. 6 Balance 3500 9000 Data: Sales Supplies in unused Rs. 2500. Data: Store Supplies are used Rs. 8000 7. Balance ADVERTISING EXPENSE 65000 8. Balance PREPAID INSURANCE 95000 Data: Advertising is prepaid Rs. 50000. Data: Insurance is prepid Rs. 10000 9. OFFICE SUPPLIES 18000 10. Balance SALARIES EXPENSE 25000 Balance Data: Office Supplies are on hand Rs. 5000 Data: Actual Salaries Expense for the year is amounting to Rs. 26000 12. 11. Balance PREPAID RENT 80000 SALARIES EXPENSE 50000 Balance Data: Rent expense for the year Rs. 60000 Data: Salaries Expense are accrued Rs. 5000 WAGES EXPENSE 13. Balance RENT EXPENSE 95000 14. Balance 12000 Data: Rent is outstanding Rs. 20000 Data: Actual wages expense for the year is amounting to Rs. 11500 15. 16. SERVICE INCOME COMMISSION INCOME Balance 20000 Balance 65000 Data: Commission is accrued Rs. 20000 Data: Service revenue is receivable Rs. 5000 17. 18. UNEARNED COMMISSION Balance 95000 UNEARNED SERVICES Balance 90000 Data: Commission is still unearned Rs. 25000 Data: Services are earned Rs. 80000 Required: Give Adjusting entries

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