Prepare adjusting entries for the following transactions. 1. Equipment depreciation is $900 for the accounting period. 2.
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Question:
Prepare adjusting entries for the following transactions.
1. | Equipment depreciation is $900 for the accounting period. | ||
2. | There was no beginning supply balance and you purchased $500 of supplies during the period. At the end of the period, $150 worth of supplies were available. | ||
3. | Prepaid rent had a normal balance of $1,000 before adjustment. At the end of the year, $400 was not due. |
Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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