Problem 1: 15% points:
The account balances appearing on the trial balance (below) were taken from the general ledger of Flap's Copy Shop at September 30, 2012.
Additional information for the month of September which has not yet been recorded in the accounts is as follows:
(a) A physical count of supplies indicates $400 on hand at September 30.
(b) The amount of insurance that expired in the month of September was $300.
(c) Depreciation on equipment for September was $500.
(d) Rent owed on the copy shop for the month of September was $400 but will not be paid until July.
Flap’s Copy Shop
For the Month Ended September 30, 2012
Accum. Depreciation— Equipment
Prepare in journal form, without explanations, the end of month adjusting entries for Flap's Copy Shop for the month of September. Prepare a partial adjusted trial balance for the accounts provided. Prepare in journal form, without explanations, the end of month closing entries for Flap's Copy Shop for the month of September.