insurance expense journal entry
What is the balance in the debt column of the adjusted trial balance of the seats below?
Account balances Slater Photography on 12/31, 20×4, before adjusting entries to record: $ 26,667 in cash insurance film prepaid debit charge of $ 450 on hand $ 250 cameras $ 20,000 debit debit accumulated depreciation – $ 3,667 Chambers of credit accounts payable $ 7000 credit for unearned income note $ 5,700 credit payable $ 3000 credit capital credit of $ 1000 equity credit $ 5800 Dividend Income $ 1,200 debit $ 28,000 utilities expense credit of $ 3200 debit salaries expense $ 2400 insurance policy was issued debit 12 / 1, the insurance monthly is $ 50. Film on hand on 12/31, 20×4, was $ 180 cameras were purchased on 1 / 1, 20×4. with an estimated life of 5 years. the balance of income unearned is $ 2000. interest due for not paying the note was $ 30. unpaid salary arrears to 12/31 were $ 2000.
Adjusted balance test: $ 26,667 cash insurance prepaid debit the $ 400 debit movie in hand $ 180 cameras debit debit $ 20,000 depreciation cumulative – Chambers of $ 7667 credit accounts to pay $ 7,000 credit to pay salaries to $ 2000 credit unconsumed income $ 2000 note credit to pay credit interest paid $ 3,000 for the $ 30 credit $ 1000 capital appropriation of retained earnings of $ 5800 dividend credit $ 1200 Debit Credit insurance income of $ 31700 $ 50 cost of the film's debit interest of $ 70 on the note payable amortization $ 30 – camera $ 4,000 debit cards for public services spending $ 3200 salary of $ 4400 Total expenditure debit debit debit column: $ 60,197 Total column Credit: $ 60,197
