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Professor Wayne Campbell recently lectured on adjusting entries. As he did so, he prepared T-accounts on a marker board to illustrate the key points he was making.

As he was erasing his illustrations from the board, Candice Greenhaw arrived late to class. She was only able to copy the following portions of the T-account illustrations from the board.

You are to help Candice recreate the lecture by completing the missing portions of each T-account. Then, prepare the adjusting entries for December 31, 20X1.

Example 1:
	Unearned Revenues					Revenues
	12/31/X1	18,000	25,000	12/1/X1				178,976	Various
			23,900	12/15/X1					12/31/X1
		18,000
			30,900

	Example 2: Prepaid Insurance Insurance Expense Beg. Bal. 15,000 12/31/X1 12/10/X1 5,000 20,000 13,000
		Example 3: Salaries Expense Salaries Payable Various 21,500 12/31/X1 12/15/X1 2,500 12/31/X1 27,000 Example 4: Depreciation Expense Accumulated Depreciation Various 23,900 89,000 Beg. Bal. 12/31/X1 12/31/X1 25,200 Example 5: Supplies Supplies Expense Beg. Bal. 0 12/31/X1 12/9/X1 3,400 3,400 1,600
		Example 1: 12/31/X1 Unearned Revenues 18,000 Revenues 18,000 To record previously collected revenues now earned Example 2: Example 3: Example 4: Example 5:

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