Question: Journalize the accruals and deferrals in chart ( 2 are accruals and 2 are deferrals) Employee wages of $1200 that were earned in Nov. 30

Journalize the accruals and deferrals in chart ( 2 are accruals and 2 are deferrals)

  • Employee wages of $1200 that were earned in Nov. 30 2022, but will not be paid until Dec. 1 2022
  • Utilities of $360 for November will be paid in December.
  • At the beginning of the period the company had $6969 in supplies. At the end of the period $4200 was counted for supplies left.
  • Prepaid insurance for 1 year was purchased at beginning of the period for $12000.

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