I dont know how to interpret adjusting entry questions. If anyone could just guide me in what i should do for each question and if it goes in debits or credit, I know you need all the info but just use hypothetical questions as examples to help me. This is for a project due in 2 days. Thanks!

DR CR

Cash 67,188

Accounts Receivable 88,704

Allowance for Doubtful Accounts 792

Interest Receivable

Merchandise Inventory 168,300

Prepaid Insurance 7,128

Prepaid Rent 22,176

Supplies 30,096

Note Receivable 15,180

Store Equipment 270,864

Accumulated Depreciation - Store Equipment 29,304

Accounts Payable 126,720

Salaries & Wages Payable

Interest Payable

Utilities Payable

Note Payable (final payment due 2018) 24,420

Common Stock 79,200

Retained Earnings 257,400

Dividends 31,680

Sales 2,557,500

Sales Returns and Allowances 15,840

Sales Discounts 34,056

Cost of Goods Sold 1,888,788

Salaries & Wages Expense 430,056

Depreciation Expense - Store Equipment

Bad Debt Expense

Insurance Expense

Rent Expense

Supplies Expense

Utilities Expense 5,280

Interest Revenue

Interest Expense

3,075,336 3,075,336

Net Income

The following items should be considered in adjusting the accounts for financial statement preparation:
1. On February 1, 2017 a 12-month insurance policy was purchased. No expense has been recoginized for 2017.
2. Signed a one year lease for rental space on March 1, 2017. By paying for the entire year, the landlord offered a reduced rate.
3. The physical inventory count of Merchandise Inventory indicated an amount of $163,944.
4. Supplies on hand at December 31, 2017 total $1,934.
5. Store Equipment is depreciated on a straight-line basis; residual value is $10,000 with service life of 10 years. The assets were held the entire year.
6. On August 1, issued Carter Supplies a six-month note receivable at a 8.4% annual interest rate.
7. Management estimates 2.7% of its gross accounts receivable to be uncollectible.
8. On September 1, 2017 borrowed funds. The note bears 6.8 % annual interest.
9. Salaries & Wages of $6,470 are accrued and unpaid at December 31, 2017.
10. Accrued utilities totaled $752.

Question

I dont know how to interpret adjusting entry questions. If anyone could just guide me in what i should do for each question and if it goes in debits or credit, I know you need all the info but just use hypothetical questions as examples to help me. This is for a project due in 2 days. Thanks!

	DR	CR
Cash	67,188
Accounts Receivable	88,704
Allowance for Doubtful Accounts		792
Interest Receivable
Merchandise Inventory	168,300
Prepaid Insurance	7,128
Prepaid Rent	22,176
Supplies	30,096
Note Receivable	15,180
Store Equipment	270,864
Accumulated Depreciation - Store Equipment		29,304
Accounts Payable		126,720
Salaries & Wages Payable
Interest Payable
Utilities Payable
Note Payable (final payment due 2018)		24,420
Common Stock		79,200
Retained Earnings		257,400
Dividends	31,680
Sales		2,557,500
Sales Returns and Allowances	15,840
Sales Discounts	34,056
Cost of Goods Sold	1,888,788
Salaries & Wages Expense	430,056
Depreciation Expense - Store Equipment
Bad Debt Expense
Insurance Expense
Rent Expense
Supplies Expense
Utilities Expense	5,280
Interest Revenue
Interest Expense
	3,075,336	3,075,336
Net Income

The following items should be considered in adjusting the accounts for financial statement preparation:
1. On February 1, 2017 a 12-month insurance policy was purchased. No expense has been recoginized for 2017.
2. Signed a one year lease for rental space on March 1, 2017. By paying for the entire year, the landlord offered a reduced rate.
3. The physical inventory count of Merchandise Inventory indicated an amount of $163,944.
4. Supplies on hand at December 31, 2017 total $1,934.
5. Store Equipment is depreciated on a straight-line basis; residual value is $10,000 with service life of 10 years. The assets were held the entire year.
6. On August 1, issued Carter Supplies a six-month note receivable at a 8.4% annual interest rate.
7. Management estimates 2.7% of its gross accounts receivable to be uncollectible.
8. On September 1, 2017 borrowed funds. The note bears 6.8 % annual interest.
9. Salaries & Wages of $6,470 are accrued and unpaid at December 31, 2017.
10. Accrued utilities totaled $752.

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Griffin Holdings
End of Period Worksheet
For the Year Ended December 31, 2017
	Unadjusted				Adjusted
Account Title	Trial Balance		Adjustments		Trial Balance		Income Statement		Balance Sheet
	DR	CR	DR	CR	DR	CR	DR	CR	DR	CR
Cash	67,188				67,188				67,188
Accounts Receivable	88,704				88,704				88,704
Allowance for Doubtful Accounts		792		1,603		2,395				2,395
Interest Receivable			531		531				531
Merchandise Inventory	168,300			4,356	163,944				163,944
Prepaid Insurance	7,128			6,534	594				594
Prepaid Rent	22,176			18,480	3,696				3,696
Supplies	30,096			28,162	1,934				1,934
Note Receivable	15,180				15,180				15,180
Store Equipment	270,864				270,864				270,864
Accumulated Depreciation - Store Equipment		29,304		26,086		55,390				55,390
Accounts Payable		126,720				126,720				126,720
Salaries & Wages Payable				6,470		6,470				6,470
Interest Payable				554		554				554
Utilities Payable				752		752				752
Note Payable (final payment due 2018)		24,420				24,420				24,420
Common Stock		79,200				79,200				79,200
Retained Earnings		257,400				257,400				257,400
Dividends	31,680				31,680				31,680
Sales		2,557,500				2,557,500		2,557,500
Sales Returns and Allowances	15,840				15,840		15,840
Sales Discounts	34,056				34,056		34,056
Cost of Goods Sold	1,888,788		4,356		1,893,144		1,893,144
Salaries & Wages Expense	430,056		6,470		436,526		436,526
Depreciation Expense - Store Equipment			26,086		26,086		26,086
Bad Debt Expense			1,603		1,603		1,603
Insurance Expense			6,534		6,534		6,534
Rent Expense			18,480		18,480		18,480
Supplies Expense			28,162		28,162		28,162
Utilities Expense	5,280		752		6,032		6,032
Interest Revenue				531		531		531
Interest Expense			554		554		554
	3,075,336	3,075,336	93,528	93,528	3,111,332	3,111,332	2,467,017	2,558,031	644,315	553,301
Net Income							91,014			91,014
							2,558,031	2,558,031	644,315	644,315
can you do the adjusting journal entry and balance sheet please