Chapter $3$ Test $1$

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$5\mathrm{.}88$

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Record year$-$end adjusting entries for each separate situation.

a$.$ The Supplies account had a balance of $$6,200$ at the beginning of the year. During the year, the company purchases $$2,600$ of supplies. As of December $31,$ a physical count of supplies shows $$1,100$ of supplies available.

b$.$ On November $1,$ the company paid $$1,800$ for six months of insurance coverage. No adjustments have been made to the Prepaid Insurance account, and it is now December $31.$

Note: Do not round intermediate calculations and round the final answers to nearest whole number.

$00$:$15$:$51$

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Journal entry worksheet

$1$

$2$

ig high

Record the supplies used during the year.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[$a$.,,,],[,,,],[,,,],[,,,],[,,,]]$

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