Adjusting Entries

1. The furnitures and fixture that was acquired

at June 2 has useful life of 4 years with no scrap
value

Depreciation Expense 416.66

Accumalated Depreciation 416.66
2. The computer equipment that was acquired
last June 15 has a VL of 5 years with 500 scrap
value

Depreciation Expense 208.33

Accumalated Depreciation 208.33
3. The cost of EL of unused is 7000

Supplies Expense 3300

Office Supplies 3300
4. Upon audit, the balance for June 8 tx wa
already wired/deposited by the customer on
June 30

Cash 2500
Account Recievable 2500
5. Received billfrom PLDT amounting to 2,000

Utilities Expense 2,000

Utilities Payable 2,000