Question: 23) 16 points** Journalize the adjusting entries needed on December 31, 2019 for Kara Industries using the following data. Explanations are not required. A. The
23) "16 points** Journalize the adjusting entries needed on December 31, 2019 for Kara Industries using the following data. Explanations are not required. A. The balance in the Supplies Inventory account before adjustment is $5,000. A physical count reveals $2.750 of supplies on hand at December 31. B. A computer was purchased on January 1, 2019 for $15,000. The computer has a useful life of 3 years and is depreciated using the straight-line method. The computer has no residual value C. Kara purchased a one-year insurance policy costing $6.000 on November 1, 2019. Tho The insurance begins on November 1. Kara used a prepaid insurance account when the payment was made. D. Employee salaries are owed for 4 days of a regular 5-day work week. Weekly payroll is $15,000. Debit Credit
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