Ques No.

Date Account titles debit credit

1 Dec-31 Insurance expense 7500

Prepaid insurance 7500
(18000/12 months * 5 months)

2 Dec-31 Prepaid insurance 10500

Insurance expense 10500
(18000/12 months * 7 months)

3 Sep-30 Unearned revenue 2000

Service revenue 2000
(24000/12 months * 1 month)

4 Sep-30 Service revenue 22000

Unearned revenue 22000
(24000/12 months * 11 month)

5 Dec-31 Interest expense 1625

Interst payable 1625
(50000*13%*3/12 months)

6 May-31 Interest receivable 292

Interest revenue 292
(25000*14%*1/12 months)

7 Dec-31 Depreciation expense 2250

Accumulated depreciation 2250

8 Dec-31 Office supplies expense 1590

Office supplies 1590
(750+1800-960)