Original Journal Entries as per Question

DR
1

DR
CR

Cash

DR
CR
CR

Supplies

DR
CR

Prepaid Rent

12

13

12

10,000

36,000

300,000

10,000

145,000

$
$

1,500
12,000

400,000

65,000

12,000

21,000

8,500

Cash
No Entry Required

DR
CR
CR

Cash

DR
CR
CR

Bonus Expense

DR

Equipment

Revenue
Unearned Revenue

Cash
Common Shares

Cash

DR
DR
CR

Prepaid Lease
Prepaid Insurance

DR
CR

Land

Cash

Notes Payable

10
11

$
A/P
Cash

CR
8

1,000,000

Common Shares

4
5

No Entry Required
DR
CR

Equipment

DR
CR

Income Tax Expense

DR
CR

Salary Expense

DR

Supplies Expense

Note Payable

Income Tax Payable

Salary Payable

CR

Supplies

Check: DR = CR
TOTAL

2,021,000

Adjusting Journal Entries

CR

$
$

DR
CR

Rent Expense

DR
CR

Depreciation Expense

DR
DR
CR
CR

Lease Expense
Insurance Expense

DR
CR

Interest Expense

11

DR
CR

Depreciation Expense

11

DR
CR

Interest Expense

1,000,000

5,000
5,000

36,000

$
$

50,000
250,000

$
$

5,000
5,000

145,000

Check: DR = CR
TOTAL

13,500

400,000

65,000

12,000

21,000

8,500

2,021,000

sting Journal Entries

DR
$

CR
24,000

Prepaid Rent
$

24,000

18,667

$
$

12,000
1,500

6,000

1,833

271

64,271 $

64,271

18,667

A/D
$
$

12,000
1,500

Prepaid Lease
Prepaid Insurance
$

6,000

Interest Payable
$

1,833

A/D
$
Interest Payable

271

Sunday

Monday

6
13
20
27

Tuesday

Wednesday
1
8
15
22
29

7
14
21
28

Last Payment Date:

December 31

Period 'UnPaid':

December 27 - December 31

2
9
16
23
30

Adjustment
# of Days to Adjust
Saturday
Sunday
M-F
Total

Hours
0
1
4

10
10
10

Thursday

Friday Saturday
3
10
17
24
31

4
11
18
25

Employees Wage
10
10
10

52.5
70
35

5
12
19
26

Amount
$
$ 7,000.00
$ 14,000.00
$ 21,000.00