Marson Advertising Agency

Jurnal Adjusting Entries

For the year ended December 31, 2010

Date Accunt Titles Ref Dr Cr

31-Dec Account Receivabe 3500
Service Revenue 3500
31 Unearned Revenue 1400
Service Revenue 1400
31 Supplies Expense 5400
Supplies 5400
31 Depreciation Expense 5000
Accumulated Depreciatin 5000
31 Interest Expense 150
Interest Payable 150
31 Insurance Expense 800
Prepaid Insurance 800
31 Salaries Expense 1300
Salaries Payable 1300
 Marson Advertising Agency
Income Statement
For the year ended December 31, 2010

Revenue Ref
Advertising Revenue
Expense
Salaries Expense 11300
Supplies Expense 5400
Depreciation Expense 5000
Rent Expense 4000
Insurance Expense 850
Interest Expense 500
Total Expense
Net Income

Marson Advertising Agency

Retained Earnings
For the year ended December 31, 2010

Retained Earnings, January 01, 2019 3500

Net Income 36450
Retained Earnings, December 31, 2019 39950

(C) 1. Interest is $50 per month or 1% of the note payable. 1% x 12 = 12% interest per year
2. Salaries Expense , $11300 less salaries payable 12/31/10, %1300 = $10000.
Total payments, $12500 - $10000 = $2500 salaries payable 12/31/09
 Marson Advertising Agency
Statement of financial position
31-Dec-10

Asset
63500 Equipment 60000
Less: Accumulated depreciation-equipment 33000
Supplies
Prepaid Insurance
Account Receivable
Cash
Total Asset

27050 Equity And Liabilties

36450 Equity
Share Capital-Ordinary 10000
Retained Earnings 39950
Liabilities
Notes Payable 5000
Accounts Payable 5000
Unearned Revenue 5600
Salaries Payable 1300
Interest Payable 150
Total Liabilities
Total Equity and Liabilities
27000
3000
2500
23500
11000
67000

49950

17050
67000