E$4-8($Algo$)$ Recording Seven Typical Adjusting Entries LO$4-1$

TTrotman's Variety Store is completing the accounting process for the current year just e

the year have been journalized and posted. The following data with respect to adjusting

a$.$ Wages earned by employees during December, unpaid and urrecorded at Decen

was December $28$; the next payroll will be January $6.$

b$.$ Office supplies on hand at January $1$ of the current year totaled $$510.$ Office suppli

during the year amounted to $$530.$ The year$-$end count showed $$230$ of supplies

c$.$ One$-$fourth of the basement space is rented to Kathy's Specialty Shop for $$600$ pe

current year, the rent for November and December had not been collected or reco

next year.

d$.$ The store used delivery equipment all year that cost $$62,000$;$$12,40$ @ was the est

e$.$ On July $1$ of the current year, a two$-$year insurance premium amounting to $$1,200w$

Insurance. Coverage began on July $1$ of the current year.

f$.$ The remaining basement of the store is rented for $$1,900$ per month to another mer

compatible, but not competitive, merchandise. On November $1$ of the current year, t

amount of $$11,400$ in advance from Carlos; it was credited in full to Unearned Rent R

g$.$ Trotman's Variety Store operates a repair shop to meet its own needs. The shop als

current year, Carlos had not paid $$700$ for completed repairs. This amount has not y

Collection is expected during January of next year.

Prepare the adjusting entries that should be recorded for Trotman's Variety Store at Decen

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" i