C(a)The beginning balance of the supplies account was $245. During the month the company bought additional supplies in the amount of $735. At the end of the month a physical inventory showed $343 of unused supplies. (b)The company has a 12% note payable in the amount of $17,000 due in 6 months. The interest expense of $170 for the month has not been recorded.
(c)The company has two employees. The manager is paid on the 15th of every month for work performed during the first half of the month and on the 1st of the following month for the work performed during the second half of the month. His monthly salary is $5,500. The other employee is paid $650 for each 5-day work week (Monday - Friday). The last day of the month fell on Thursday.
(d)The unearned fees account shows a balance of $46,000. According to the manager 60% of that amount has been earned.
(e)At the end of the month $5,700 of services had been performed but not yet billed.
Required:
Prepare adjusting entries for the above transactions. Refer to the Chart of Accounts for exact wording of account titles.* The journal should have 10 rows.

Chart of accounts.

CHART OF ACCOUNTS.

General Ledger

ASSETS
11Cash
12Accounts Receivable
13Supplies
14Prepaid Rent
16Office Equipment
17Accumulated Depreciation
LIABILITIES
21Accounts Payable
22Notes Payable
23Unearned Fees
24Wages and Salary Payable
25Interest Payable
EQUITY
31Common Stock
32Retained Earnings
33Dividends
REVENUE
41Fees Earned
EXPENSES
51Advertising Expense
52Insurance Expense
53Interest Expense
54Wages and Salary Expense
55Supplies Expense
56Utilities Expense
57Depreciation Expense
58Rent Expense
59Miscellaneous Expense