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valance before any adjustments have been made for the month of noments. Below are listed some selected accounts and their WELCH COMPANY Trial Balance (Selected Accounts) September 30, 2008 __ essensis constitute Accumulated Depreciation Office Equipment....... __ __ Unearned Rent Revenue. Offic __ 1,200 (Note: Debit column does not equal credit column because this is a partial listing of selected account balances) information: informations of the account balances by the company'accountant provided the following additiona 1. A physical count of office supplies revealed 1,000 on hand on September 30. 2. A two-year life insurance policy was purchased on June 1 for 4,800 3. Office equipment depreciated 6,000 per year. 4. The amount of rent in advance that remains unearned at September 30 is 500 Instructions Using the above additional information, prepare the adjusting entries that should be made by Welch Comp on September 30.

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valance before any adjustments have been made for the month of noments. Below are listed some selected accounts and their WELCH COMPANY Trial Balance (Selected Accounts) September 30, 2008 __ essensis constitute Accumulated Depreciation Office Equipment....... __ __ Unearned Rent Revenue. Offic __ 1,200 (Note: Debit column does not equal credit column because this is a partial listing of selected account balances) information: informations of the account balances by the company'accountant provided the following additiona 1. A physical count of office supplies revealed 1,000 on hand on September 30. 2. A two-year life insurance policy was purchased on June 1 for 4,800 3. Office equipment depreciated 6,000 per year. 4. The amount of rent in advance that remains unearned at September 30 is 500 Instructions Using the above additional information, prepare the adjusting entries that should be made by Welch Comp on September 30.

valance before any adjustments have been made for the month of noments. Below are listed some selected accounts and their WELCH COMPANY Trial Balance (Selected Accounts) September 30, 2008 __ essensis constitute Accumulated Depreciation Office Equipment....... __ __ Unearned Rent Revenue. Offic __ 1,200 (Note: Debit column does not equal credit column because this is a partial listing of selected account balances) information: informations of the account balances by the company'accountant provided the following additiona 1. A physical count of office supplies revealed 1,000 on hand on September 30. 2. A two-year life insurance policy was purchased on June 1 for 4,800 3. Office equipment depreciated 6,000 per year. 4. The amount of rent in advance that remains unearned at September 30 is 500 Instructions Using the above additional information, prepare the adjusting entries that should be made by Welch Comp on September 30.

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To prepare the adjusting entries for Welch Company on September 30, 2008, we need to account for the following:<br /><br />1. Office supplies on hand: $1,000<br />2. Prepaid insurance: $1,200<br />3. Depreciation on office equipment: $6,000 per year<br />4. Unearned rent revenue: $500<br /><br />Adjusting Entry 1: Office Supplies<br />Debit: Office Supplies Expense $1,000<br />Credit: Office Supplies $1,000<br /><br />Adjusting Entry 2: Prepaid Insurance<br />Debit: Insurance Expense $1,200<br />Credit: Prepaid Insurance $1,200<br /><br />Adjusting Entry 3: Depreciation on Office Equipment<br />Debit: Depreciation Expense $6,000<br />Credit: Accumulated Depreciation - Office Equipment $6,000<br /><br />Adjusting Entry 4: Unearned Rent Revenue<br />Debit: Unearned Rent Revenue $500<br />Credit: Rent Revenue $500
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