In General Journal Form,record Adjusting Entries for the Following Items

Essay

In general journal form,record adjusting entries for the following items for Cornish Accounting Co.at December 31,2015.
a)On January 3,2015,$5,500 of supplies were purchased and recorded as an asset.A count revealed $500 still on hand at December 31,2015.
b)Services performed during December but not yet billed to customers totalled $2,500.
c)On July 1,2015,a $10,000 car was purchased on account.The car is expected to last 4 years and have no residual value at the end of its useful life.
d)On December 31,2015 utilities owed but not yet paid amounted to $500.
e)On January 10,2015 Cornish Accounting Co.accepted a $5,000 deposit from a client for tax work to be completed during the year.The deposit was recorded as unearned revenue.On December 31,2015 all the tax work for the client is complete.