No.

General Journal Debit Credit

a. Supplies expense $ 2,020

store supplies $ 2,020
(2370-350)

b. Insurance expense $ 2,483

Prepaid insurance $ 2,483
(7450*2/6 months)

c. Bad debt expense $ 6,831

Allowance for bad debts $ 6,831
(455400*1.5%)

d. Interest receivable $ 100

Interest revenue $ 100
(15000*8%*1/12)

e. Merchandise inventory $ 20,836

purchases $ 20,836
(68800-47964)

f. Depriciation expense $ 5,000

Acc. Depriciation $ 5,000
(30000-5000)/5 years

g. Salaries expense $ 4,000

salaries payable $ 4,000

h. Joe athelete capital $ 2,000

Accounts payable $ 2,000
(recording prior period expense)

i Prepaid rent $ 15,000

Rent expense $ 15,000
 Unadjusted trial balance Adjustments Adjusted trial balance
Titles Debit Credit Debit Credit Debit
Cash $ 17,150 $ 17,150
Accounts receivable $ 127,010 $ 127,010
Notes receivable $ 15,000 $ 15,000
Allowance for bad debt $ 1,270 $ 6,831
Merchandise inv. $ 47,964 $ 20,836 $ 68,800
Prepaid insurance $ 7,450 $ 2,483 $ 4,967
Store supplies $ 2,370 $ 2,020 $ 350
store equipment $ 30,000 $ 30,000
Acc. Dep. $ 3,000 $ 5,000
Accounts payable $ 12,420 $ 2,000
Joe Athelete capital $ 105,572 $ 2,000
Joe Athelete Drawing $ 14,400 $ 14,400
Income from sales $ 455,400
Purchases $ 192,900 $ 20,836 $ 172,064
Advertising exp. $ 7,950 $ 7,950
Rent expense $ 30,000 $ 15,000 $ 15,000
Salaries exp. $ 79,840 $ 4,000 $ 83,840
Utitlties exp. $ 5,628 $ 5,628
supplies expense $ 2,020 $ 2,020
Insurance expense $ 2,483 $ 2,483
Bad debt expense $ 6,831 $ 6,831
Interest revenue $ 100
Interest receivable $ 100 $ 100
Depriciation expense $ 5,000 $ 5,000
Salaries payable $ 4,000
Pepaid rent $ 15,000 $ 15,000
Totals $ 577,662 $ 577,662 $ 58,270 $ 58,270 $ 593,593
Adjusted trial balance
Credit

$ 8,101

$ 8,000
$ 14,420
$ 103,572

$ 455,400

$ 100

$ 4,000

$ 593,593