Proper accounts to be debited and credited

Problem # 1
The ledger accounts given below, with an identification number for each, are used by Tyler Company.
Instructions: Prepare appropriate adjusting entries for the year ended December 31, 2005, by replacing the appropriate identification number(s) in the debit and credit columns provided and the dollar amount in the adjoining column. Item 0 is given as an example.

1. Notes Receivable 10. Unearned Service Revenue
2. Accounts Receivable 11. Notes Payable
3. Interest Receivable 12. Interest Revenue
4. Supplies 13. Service Revenue
5. Prepaid Insurance 14. Depreciation Expense?Equipment
6. Equipment 15. Salaries Expense
7. Accumulated Depreciation?Equipment 16. Interest Expense
8. Salaries Payable 17. Supplies Expense
9. Interest Payable 18. Insurance Expense
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Account(s) Account(s) Dollar
Entry Information Debited Credited Amount
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0. Interest of $500 is accrued on a note 3 12 $500
receivable at December 31, 2005.
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1. Tyler has three employees who earn $120 per $
day per person. At December 31, four days'
salaries have been earned but not paid.
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2. A customer paid Tyler $10,000 on December 1, $
2005 for services to be rendered from December 1
through January 31, 2006. The receipt was credited
to a liability account.
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3. Tyler purchased equipment costing $48,000 on $
January 1, 2004. Monthly depreciation is $1,000.
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4. Tyler provided services to a customer in 2005 at a $
fee of $500. This fee has not yet been received or billed.
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5. Tyler started the year with no supplies on hand. $
They purchased $8,000 in supplies during the year
and have $2,000 on hand at December 31. Supplies
were debited to an asset account when purchased.
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6. Tyler paid $9,000 for a three-year insurance policy $
on July 1, 2005, debiting an asset account at that time.
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7. Tyler borrowed $20,000 by signing a three-month, $
12% interest, note payable on November 1, 2005.
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8. Tyler purchased short-term investments on November 1, $
2005. Interest of $200 per month has been earned but
not received prior to December 31.

Problem # 2

The chart of accounts used by Klear Copy Company is listed below. You are to indicate the proper accounts to be debited and credited for the following transactions by writing the account number(s) in the appropriate boxes.
CHART OF ACCOUNTS
101 Cash 209 Unearned Revenue
112 Accounts Receivable 301 Common Stock
125 Paper Supplies 306 Dividends
157 Copy Machines 400 Photocopy Revenue
200 Note Payable 610 Advertising Expense
201 Accounts Payable 729 Rent Expense
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Number(s) Number(s)
of account(s) of account(s)
debited credited
1. Tom Klear invests $90,000 cash to start the business.
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2. Purchased three photocopy machines for $200,000, paying $50,000 cash and signing a 5-year, 10% note for the remainder.
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3. Purchased $5,000 paper supplies on credit.
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4. Cash photocopy revenue amounted to $7,000.
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5. Paid $500 cash for radio advertising.
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6. Paid $800 on account for paper supplies purchased in transaction 3.
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7. Paid cash dividends of $1,500.
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8. Paid $1,200 cash for rent for the current month.
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9. Received $2,000 cash advance from a customer for future copying.
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10. Billed a customer for $450 for photocopy work done.
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