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