Question: 3) Please help me fill out the chart with the given info, thank you! QS 3-6 (Algo) Prepaid (deferred) expenses adjustments LO P1 For each

3) Please help me fill out the chart with the given info, thank you!

3) Please help me fill out the chart with the given info,thank you! QS 3-6 (Algo) Prepaid (deferred) expenses adjustments LO P1 For

QS 3-6 (Algo) Prepaid (deferred) expenses adjustments LO P1 For each separate case below, follow the three-step process for adjusting the Supplies asset account at December Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2. Assume no other adjusting entries are made during the year. b. Supplies: The Supplies account has an $950 debit balance to start the vear. Supplies of $2.400 were purchased c. Supplies: The Supplies account has a $4,300 debit balance to start the year. During the current year, supplies of $10,000 were purchased and debited to the Supplies account. The inventory of supplies available at December 31

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