answer to them please

answer please

Make General Journal Entles 2. ADJ1: The store fixtures cost of $5,000 will be dep 10-year useful life with no salvage value. Depreciat $42 per month. quipment cost of $4,000 3. ADJ2: The paint mixing e ated over a 5-year useful life with no salvage value expense is $67 per month. b 4. ADJ3: The computer paint color match equipment will be depreciated over a four-year useful life with Depreciation expense is $21 per month. 5. ADJ4: A count of supplies on hand at the end of J $400. The Supplies on Hand account balance bef $600, so Supplies on Hand (Account 12500) shou by $200. An adjusting entry is required to transfer Supplies on Hand account to the Supplies Expens the adjusting entry will increase (debit) SuppliesBE 64800) by $200, and decrease (credit) Supplies 12500) by $200. 6. ADJ5: Interest on the notes payable balance is 1 The adjusting entry to record interest expense fo the liability for interest payable is $10. To record add Other Current Liability account: Account No. Payable. following adjusting entries are needed for Paint Palette Store at January 1 . To enter the following adjusting entries, select Accountant Menu : 2. ADJ1: The store fixtures cost of $5,000 will be depreciated over a 31, 2024 Make General Journal Entries 10-year useful life with no salvage value. Depreciation expense is $42 per month 3. ADJ2: The paint mixing equipment cost of $4,000 will be depreci- s ated over a 5-year useful life with no salvage value. Depreciation expense is $67 per month ADJ3: The computer paint color match equipment cost of $1,000 will be depreciated over a four-year useful life with no salvage value Depreciation expense is $21 per month ADJ4: A count of supplies on hand at the end of January totaled $400. The Supplies on Hand account balance before adjustment is $600, so Supplies on Hand (Account 12500) should be decreased by $200. An adjusting entry is required to transfer $200 from the Supplies on Hand account to the Supplies Expense account. So the adjusting entry will increase (debit) Supplies Expense (Account 64800) by $200, and decrease (credit) Supplies on Hand (Account 12500) by $200. 5. 6. ADJS: Interest on the notes payable balance is 1 percent per month. The adjusting entry to record interest expense for January 2024 and the liability for interest payable is $10. To record this adjustment add Other Current Liability account Account No. 21000 Interest