The account balances appearing on the trial balance (below) were taken from the general ledger of Flip'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 $300 on hand at September 30.
(b) The amount of insurance that expired in the month of September was $200.
(c) Depreciation on equipment for September was $400.
(d) Rent owed on the copy shop for the month of September was $600 but will not be paid until October. Flip'a Copy Shop Trial Balance For the Month Ended September 30, 2012 Account Titles Debit Credit Cash $1,000 Supplies 1,100 Prepaid Insurance 2,200 Equipment 24,000 Accum. Depreciation- Equipment $4,500 Accounts Payable 2,400 Notes Payable 4,000 Flip's Capital 15,300 Flip r's Drawings 2,400 Service Revenue 4,900 Utilities Expense 400 Totals $31,100 $31,100
Instructions: Prepare in journal form, without explanations, the end of month adjusting entries & closing entries for Flip's Copy Shop for the month of September.