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!


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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