1. INTEREST INCOME ADJUSTMENT
Lesson 25-2
INTEREST INCOME ADJUSTMENT 1 2
1. Debit Interest Receivable
2. Credit Interest Income
Lesson 25-2, page 641

2. UNCOLLECTIBLE ACCOUNTS EXPENSE ADJUSTMENT1 2
1. Credit Allowance for Uncollectible Accounts
2. Debit Uncollectible Accounts Expense
Lesson 25-2, page 641

3. MERCHANDISE INVENTORY ADJUSTMENT1 2
1. Debit Merchandise Inventory
2. Credit Income Summary
Lesson 25-2, page 642

4. SUPPLIES ADJUSTMENT 1 2 1. Credit Supplies 2. Debit Supplies Expense
Lesson 25-2, page 643

5. PREPAID INSURANCE ADJUSTMENT1 2
1. Credit Prepaid Insurance
2. Debit Insurance Expense
Lesson 25-2, page 643

6. DEPRECIATION EXPENSE ADJUSTMENTS1 3 2 4
1. Credit Accumulated Depreciation—Office Equipment
2. Debit Depreciation Expense—Office Equipment
3. Credit Accumulated Depreciation—Store Equipment
4. Debit Depreciation Expense—Store Equipment
Lesson 25-2, page 644

7. INTEREST EXPENSE ADJUSTMENT1 2
1. Credit Interest Payable
2. Debit Interest Expense
Lesson 25-2, page 644