Question: Record the adjusting and closing journal entries that support the P.O. 2 amounts recorded in T accounts. Prepaid Insurance 960 (c) 160 480 C. Major,

Record the adjusting and closing journal entries that support the P.O. 2 amounts recorded in T accounts.

Prepaid Insurance 960 (c) 160 480 C. Major, Drawing 600 Insurance Expense

Prepaid Insurance 960 (c) 160 480 C. Major, Drawing 600 Insurance Expense 600 (c) 480 480 Income Summary Accumulated Depreciation, Equipment Depreciation Expense, Equipment 4,900 4,800 100 (b) 800 800 3,200 (b) 800 Income from Services Miscellaneous Expense Wages Payable 4,800 400 240 240 3,600 (a) 180 800 C. Major, Capital Wages Expense 100 600 26,000 1,600 3,380 1,600 (a) 180

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