Prepare adjusting entries for the following transactions. (List all debit entries before credit entries. Credit account...

 

Transcribed Image Text:

Prepare adjusting entries for the following transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter 0 for the amounts.) 1. Depreciation on equipment is $1,693 for the accounting period. 2. Interest owed on a loan but not paid or recorded is $358. 3. There was no beginning balance of supplies and $693 of office supplies were purchased during the period. At the end of the period $126 of supplies were on hand. 4. 5. Prepaid rent had a $1,260 normal balance prior to adjustment. By year end $882 had expired. Salaries incurred by year-end but not yet paid or recorded amounted to $1,134, Prepare adjusting entries for the following transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter 0 for the amounts.) 1. Depreciation on equipment is $1,693 for the accounting period. 2. Interest owed on a loan but not paid or recorded is $358. 3. There was no beginning balance of supplies and $693 of office supplies were purchased during the period. At the end of the period $126 of supplies were on hand. 4. 5. Prepaid rent had a $1,260 normal balance prior to adjustment. By year end $882 had expired. Salaries incurred by year-end but not yet paid or recorded amounted to $1,134,

Answer rating: 100% (QA)

1 Depreciation Expense Accumulated Depreciation Debit Depreciation ... View the full answer