Question: Prepare adjusting journal entries, as needed, for the following items. (If no entry is required for a transaction/event, select No journal entry required in the

Prepare adjusting journal entries, as needed, for the following items. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. The Supplies account shows a balance of $560, but a count of supplies reveals only $200 on hand at year-end. b. The company initially records the payments of all insurance premiums as prepaid insurance. The unadjusted trial balance at year- end shows a balance of $520 in Prepaid Insurance. A review of insurance policies reveals that $100 of insurance is unexpired. c. Employees work Monday through Friday, and salaries of $2,600 per week are paid each Friday. The company's year-end falls on Tuesday. d. At year-end, the company received a utility bill for December's electricity usage of $300 that will be paid in early January 200 ed fold View transaction list Journal entry worksheet < 1 2 3 4 The Supplies account shows a balance of $560, but a count of supplies reveals only $200 on hand at year-end. Note: Enter debits before credits. Transaction General Journal Debit Credit stop in erding1 107181 1 The Supplies account shows a balance of $560, but a count of supplies reveals only $200 on hand at year-end. 2 The company initially records the payments of all insurance premiums as prepaid insurance. The unadjusted trial balance at year-end shows a balance of $520 in Prepaid Insurance. A review of insurance policies reveals that $100 of insurance is unexpired. 3 Employees work Monday through Friday, and salaries of $2,600 per week are paid each Friday. The company's year-end falls on Tuesday. 4 At year-end, the company received a utility bill for December's electricity usage of $300 that will be paid in early January. = journal entry has been entered Note: Record entry Clear entry 0 < Prev 15 of 18 W MacBook P G Search or type URL Journal entry worksheet < 1 2 3 4 The Supplies account shows a balance of $560, but a count of supplies reveals only $200 on hand at year-end. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal < Prev 15 of 18 H Next >

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