Question: Need answer for this problem Requirement #4: Prepare adjusting entries using the following information in the General Journal below. Show your calculations! a) One month's

Need answer for this problem Requirement #4:

Prepare adjusting entries using the following information in the General Journal below. Show your calculations!

a) One month's insurance has expired. (Prepaid Insurance is 4,800) b) The remaining inventory of repair supplies is $200. (Repair Supplies is 1,082) c) The estimated depreciation on repair equipment is $120. (Equipment is 10,800) d) The estimated income taxes are $65. e) Accrue the interest due on the credit for the equipment.

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