Question 3 (11 points)

The following is a partial unadjusted Trail Balance.

Bravo Unlimited

Unadjusted Trial Balance (partial)

3/31/16

Accounts

DEBIT

Cash $27,500

Prepaid Expenses 600

CREDIT

Accounts Payable $15,000

The Prepaid Expenses relate to the machine rent that Bravo pays in February for March. Use this information to prepare the Adjusting General Journal entry (without explanation) for March.

Question 4 (11 points)

The following is a partial unadjusted Trial Balance.

Bravo Unlimited

Unadjusted Trial Balance (partial)

2/29/16

Accounts

DEBIT

Cash $15,500

Supplies 12,400

CREDIT

Accounts

Payable $10,500

DEBIT

Supplies Expense 5,000

The Supplies account balance on February 1, 2016 was $1,400. During the month of February Bravo purchased $11,000 of supplies for use in its operations. On February 29, Bravo warehouse chief inventoried supplies and determine the value on hand was $1,500. Use this information to prepare the General Journal entry (without explanation) for the required end of the month adjustment.