Question: Q5 (10 points) Please submit one screenshots for 25, with all journal entries Question 5 (10 marks) Prepare adjusting entries dated December 31, 2013, based
Q5 (10 points) Please submit one screenshots for 25, with all journal entries Question 5 (10 marks) Prepare adjusting entries dated December 31, 2013, based on the following data. a. A two-year insurance policy costing $3,000 was purchased on October 31, 2013. b. Salaries owed to employees on December 31, 2013, amount to $2,300. C. The balance in Supplies before adjustment is $1,400. A physical count reveals $450 of supplies on hand on December 31, 2013 d. Depreciation on office equipment for the year is $1,869, e. Unearned Service Revenue has a balance of $4,200 before adjustment. Records show that $2,725 of that amount has been earned by December 31, 2013
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