Question: can someone help with this journal entry? 12 GLO503 Based on Problem 5-5A LO C2, P3 The fiscal year-end unadjusted trial balance for Gonzalez Company
12 GLO503 Based on Problem 5-5A LO C2, P3 The fiscal year-end unadjusted trial balance for Gonzalez Company is found on the trial balance tab. Gonzalez Company uses a perpetual Inventory system. It categorizes the following accounts as selling expenses depreciation expense-store equipment, sales salaries expense, rent expense-seling space, store supplies expense, advertising expense. It categorizes the remaining expenses as general and administrative stock Descriptions of items that require adjusting entries on January 31 follow. a. Store supplies still available at fiscal year-end amount to $1,950, b. Expired insurance, an administrative expense, for the fiscal year is $1,480, c. Depreciation expense on store equipment, selling expense, is $6.300 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $9,870 of inventory is still available at fiscal year and Requirement General General Journal Ledger Tral Balance Multiple Step 15 Single Step Is Balance She Ratios For transactions 1-4 prepare the required adjusting journal entries. For transactions 5-8, prepare the required dosing entries Viewransactional Journal entry worksheet
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