Business: Journal Form

Business: Journal Form

      Journal Form
        
All of the accounts have normal balances. The information below has been gathered at December 31, 2010.         
    1. Depreciation on the equipment for 2010 is $1250.                         
    2. Ben Cartwright Pest Control borrowed $12,500 by signing a 10%, one-year note on July 1, 2010.         
    3. Ben Cartwright Pest Control paid $1980 for 12 months of insurance coverae on October 1, 2010         
    4. Ben Cartwright Pest Control pays its employees total salaries of $10,000 every Monday for the         
    preceding 5-day week (Monday-Friday). On Monday, Dec. 7, 2010, employees were paid for the         
    week ending Dece. 24, 2010. All employees worked the five days ending December 31, 2010.             
    5. Ben Cartwright Pest Control performed disinfecting services for a client in December 2010. The client will be billed $3000.
    6. On December 1, 2010, Ben Cartwright Pest Control collected $36,000 for disenfecting processed to be         
    performed from Dec. 1, 2010, through May 31, 2010.                         
    7. A count of supplies on December 31, 2010, indicates that supplies of $750 are on hand.             
                                    
    Instructions: Prepare in journal form the adjusting entries for the seven items listed fro Ben Cartwright Pest Control.