Question: Journal entry worksheet < 1 7 8 9 10 11 22 12 17 The December 31 inventory count of computer supplies shows $1,140 still available.

Journal entry worksheet < 1 7 8 9 10 11 22 12 17 The December 31 inventory count of computer supplies shows $1,140 still available. Prepare the required adjusting entry, if any. Note: Enter debits before credits. Date Account Title Debit Credit Dec 31 Computer supplies expense Computer supplies Record entry Clear entry View general journal < Requirement General Ledger >

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

please help During January 2024 , the following transactions occur: January 2 Issue an additionat 2,100 shares of $1 par vatue conan stock for $42,000. January 9 Provide services to customers on...

On January 1, 2024, the general ledger of Grand Finale Fireworks includes the following account balances Accounts Cash Debit $42,900 Credit Accounts Receivable 44,900 Supplies 7,700 Equipment 66,000...

On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: Credit Debit $ 11,300 34,200 152,100 68,300 121,000 Accounts Cash Accounts Receivable Tnventory...

Exercise 3-21B Complete the accounting cycle (LO3-3, 3-4, 3-5, 3-6) (GL) On January 1, Year 1, the general ledger of a company includes the following account balances: Accounts Cash Accounts...

3 On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: 10 points Accounts Cash Supplies Land Debit Credit $ 25,600 Accounts Receivable 7,000 4,900...

a. Unpaid utilities for the month of January are $7,900. b. Supplies at the end of January total $6,800. c. Depreciation on the equipment for the month of January is calculated using the method. At...

The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company's first three months. a. The December 31 inventory count of...

I need help with this assignment. I'm confused on what information to add on the ledgers and journals. PRINCIPLES OF ACCOUNTING I ACCT 1010 HOMEWORK PROJECT One homework project is assigned this...

2 a. The December 31 inventory count of computer supplies shows $640 still available. b. Three months have expired since the 12-month insurance premium was paid in advance. c. As of December 31, Lyn...

Prepare adjusting entries to reflect a through f. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 56 The...

You have $25,000 to invest. You invested the money in stocks, bonds and mutual funds. In one year you earned 8% on your stock, 10% on bonds, and 6% on mutual funds earning a total of $1860....

Union wages have outpaced nonunion wages over the last ten years.

Brandon is considering buying a small Rental Business on Point Robert. Brandon has found a small Rental Business with a purchase price of $ 4 5 0 , 0 0 0 . He will need to spend an additional $ 3 0 ,...

CT Corp Comprehensive Question Canadian Tire Corporation, Limited (Canadian Tire) is a family of companies that includes a retail segment and a financial services division, among others. The retail...

the Business Leaders Programme, which addresses the needs of the changing roles of newly appointed managers and professionals, and develops business understanding and leader skills in the changing...

The new Growth, Employment and Redistribution policy (GEAR) which was presented to parliament in June 1996 has continued to attract criticism from the trade union movement for its implications for...

The number of people completing their artisan training in 1992 was 5,588: less than half the 1985 figure.