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AP 3–1

17 August, 2015 - 15:24

The following unrelated accounts are from the trial balance of Gabel Inc. at December 31, 2016 its fiscal year-end.

                    Balance             
    Unadjusted Adjusted
a. Prepaid insurance $ 500 $ 300
b. Unused supplies 850 400
c. Accumulated depreciation - trcuk -0- 1,200
d. Salaries payable 2,500 2,600
e. Unearned fees revenue 5,000 1,000
f. Income taxes payable -0- 3,500
g. Other revenue 50,000 45,000
h. Commissions expense 4,000 5,500
i. Interest expense 800 850
 

Required: For each of the above accounts, prepare the most likely adjusting entry that was recorded. General ledger account numbers and descriptions are not necessary.