Question

I JUST NEED THE NAMES OF THE ADJUSTING ENTRY ACCOUNTS FOR A) THROUGH I). I don't need the number entries. I attached the balance sheet in case you need it for reference

Problem -

Your required tasks are as follows: On the designated worksheet, prepare in journal entry form the adjusting journal entries for the following items. Letter entries to correspond to the below information and present them in alphabetical order. (Round all numbers to the nearest dollar)

On June 1, 2016 B&B paid Lorre Advertising $48,000 for two years of advertising services. Equal services are provided in year 1 and year 2 of the contract.

B&B needed some additional storage space so on September 1, 2016 they rented a unit for an annual rate of $10,200. The entire amount was expensed when paid.

$4,250 of store supplies were purchased during the year and the asset Store Supplies was increased. $2,150 of these supplies were used during the year.

$6,500 of office supplies were purchased during the year and were immediately expensed. A count of the office supplies on hand December 31, 2016, indicates a balance of $1,500.

On October 1, 2016, B&B issued a 9-month note receivable to Greenstreet & Co. at an annual interest rate of 4%. Principal and interest will be paid at the end of the 9-months. The note was recorded in Notes Receivable and is the only note outstanding.

Sales salaries of $6,200 and office salaries of $4,800 were earned and remained unpaid at 12/31/16.

On May 1, 2016, B&B rented a portion of one store to Paul Henreid Co. The contract was for 10 months and B&B required the 10 months of cash upfront on May 1. The rent is being earned equally over the next 10 months. When cash was received, unearned rent was appropriately recorded.

On November 1, 2016, B&B collected $18,000 for consulting services to be performed from November 1, 2016 to February 28, 2017. The company credited the revenue account when the cash was received.

Based on past experience, B&B calculates bad debt expense at 1.5% of net sales for the year.

Refer to balance sheet:

Bogie and Bacall Company
End of Period Worksheet
For the Year Ended December 31, 2016
	Unadjusted				Adjusted
Account Title	Trial Balance		Adjustments		Trial Balance
	DR	CR	DR	CR	DR	CR
Cash	49,800	-
Accounts Receivable	77,450	-
Allowance for Doubtful Accounts		2,000
Interest Receivable	-
Merchandise Inventory	160,500	-
Prepaid Insurance	18,000	-
Prepaid Advertising	48,000
Prepaid Rent	-
Store Supplies	4,250	-
Office Supplies	-	-
Note Receivable	24,000
Store Equipment	175,000	-
Accumulated Depreciation - Store Equipment	-	40,050
Office Equipment	80,000	-
Accumulated Depreciation - Office Equipment	-	-
Accounts Payable	-	85,200
Salaries Payable	-	-
Interest Payable	-	-
Unearned Rent	-	20,000
Unearned Consulting Revenue
Note Payable (payment due 2020)	-	146,000
Common Stock	-	60,000
Retained Earnings	-	111,500
Dividends	35,000	-
Sales Revenues	-	808,950
Consulting Revenue		24,000
Sales Returns and Allowances	11,700	-
Sales Discounts	7,200	-
Cost of Goods Sold	457,200	-
Sales Salaries Expense	94,650	-
Advertising Expense		-
Depreciation Expense - Store Equipment	-	-
Store Supplies Expense	-	-
Miscellaneous Selling Expense	2,600	-
Office Salaries Expense	34,000	-
Rent Expense	10,200	-
Insurance Expense	-	-
Depreciation Expense - Office Equipment	-	-
Office Supplies Expense	6,500	-
Miscellaneous Administrative Expense	1,650	-
Rent Revenue	-	-
Interest Revenue
Interest Expense	-	-
Bad Debt Expense	-	-
	1,297,700	1,297,700

Answer 1

Journal Entries
Interest Receivable A/c	240
Interest Revenue A/C		240
Office Supplies A/C	1,500
Office Supplies Expense A/C		1,500
Store Supplies Expense	2,150
Store Supplies		2,150
Office Salaries Expense	4,800
Sales Salaries Expense	6,200
Salaries Payable		11,000
Consulting Revenue	9,000
Unearned Consulting Revenue		9,000
Bad Debt Expense	11,851
Allowance for Doubtful Accounts		11,851
Unearned Rent	16,000
Rent Revenue		16,000
Advertising Expense	24,000
Prepaid Advertising		24,000

Bogie and Bacall Company
End of Period Worksheet
For the Year Ended December 31, 2016
	Unadjusted
For the Year Ended December 31, 2016	Trial Balance		Adjustments
	DR	CR	DR	CR
Cash	49,800	-
Accounts Receivable	77,450	-
Allowance for Doubtful Accounts		2,000		11851
Interest Receivable	-		240
Merchandise Inventory	160,500	-
Prepaid Insurance	18,000	-
Prepaid Advertising	48,000			24000
Prepaid Rent	-		6800
Store Supplies	4,250	-		2150
Office Supplies	-	-	1500
Note Receivable	24,000
Store Equipment	175,000	-
Accumulated Depreciation - Store Equipment	-	40,050
Office Equipment	80,000	-
Accumulated Depreciation - Office Equipment	-	-
Accounts Payable	-	85,200
Salaries Payable	-	-		11000
Interest Payable	-	-
Unearned Rent	-	20,000	16000
Unearned Consulting Revenue				9000
Note Payable (payment due 2020)	-	146,000
Common Stock	-	60,000
Retained Earnings	-	111,500
Dividends	35,000	-
Sales Revenues	-	808,950
Consulting Revenue		24,000	9000
Sales Returns and Allowances	11,700	-
Sales Discounts	7,200	-
Cost of Goods Sold	457,200	-
Sales Salaries Expense	94,650	-	6200
Advertising Expense		-	24000
Depreciation Expense - Store Equipment	-	-
Store Supplies Expense	-	-	2150
Miscellaneous Selling Expense	2,600	-
Office Salaries Expense	34,000	-	4800
Rent Expense	10,200	-		6800
Insurance Expense	-	-
Depreciation Expense - Office Equipment	-	-
Office Supplies Expense	6,500	-		1500
Miscellaneous Administrative Expense	1,650	-
Rent Revenue	-	-		16000
Interest Revenue				240
Interest Expense	-	-
Bad Debt Expense	-	-	11851
	1,297,700	1,297,700