Ch.3 G.L. Assignment 2 Information for adjustments is as follows: points eBook Print References Saved Help...

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Ch.3 G.L. Assignment 2 Information for adjustments is as follows: points eBook Print References Saved Help Save & a. Supplies available at the end of the current fiscal year total $3,400. b. Cost of expired insurance for the current fiscal year is $2,500. c. Annual depreciation on equipment is $31,800. d. June utilities expense of $900 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $900 amount owed must be recorded. e. Employees have earned $5,700 of accrued and unpaid wages at fiscal year-end. f. Rent expense incurred and not yet paid or recorded at fiscal year-end is $2,800. g. Additional property taxes of $1,900 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. h. $700 accrued interest for June has not yet been paid or recorded. Requirement General Journal General Ledger Trial Balance Income Statement St of Retained Earnings Balance Sheet Post Closing General Journal tab - Prepare any necessary adjusting and closing entries for the current fiscal year. General Ledger tab - Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted, adjusted, or post-closing balances. Trial Balance tab - You may view the unadjusted, adjusted, or post-closing trial balances by choosing from the dropdown box below. Your choice will determine the reported values on the financial statement tabs. Income Statement tab - Use the drop-downs to select the accounts properly included on the income statement. The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection. Statement of Retained Earnings tab - The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection! Balance Sheet tab - Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection. Post-Closing tab - Use the drop-downs to indicate whether each account is included on the post-closing trial balance. Ch Ch.3 G.L. Assignment 2 Information for adjustments is as follows: points eBook Print References Saved Help Save & a. Supplies available at the end of the current fiscal year total $3,400. b. Cost of expired insurance for the current fiscal year is $2,500. c. Annual depreciation on equipment is $31,800. d. June utilities expense of $900 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $900 amount owed must be recorded. e. Employees have earned $5,700 of accrued and unpaid wages at fiscal year-end. f. Rent expense incurred and not yet paid or recorded at fiscal year-end is $2,800. g. Additional property taxes of $1,900 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. h. $700 accrued interest for June has not yet been paid or recorded. Requirement General Journal General Ledger Trial Balance Income Statement St of Retained Earnings Balance Sheet Post Closing General Journal tab - Prepare any necessary adjusting and closing entries for the current fiscal year. General Ledger tab - Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted, adjusted, or post-closing balances. Trial Balance tab - You may view the unadjusted, adjusted, or post-closing trial balances by choosing from the dropdown box below. Your choice will determine the reported values on the financial statement tabs. Income Statement tab - Use the drop-downs to select the accounts properly included on the income statement. The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection. Statement of Retained Earnings tab - The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection! Balance Sheet tab - Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection. Post-Closing tab - Use the drop-downs to indicate whether each account is included on the post-closing trial balance. Ch

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Answer Based on the information provided for adjustments we need to prepare the necessary adjusting ... View the full answer