Question: Question 6: Using the following data, prepare the adjusting entries for the month ended December 31, 2023. On December 1, the supplies account had a

Question 6:Using the following data, prepare the adjusting entries for the month ended December 31, 2023.

  1. On December 1, the supplies account had a balance of $1,200; $2,800 of supplies were purchased during December. A physical count of supplies on December 31 indicated $1,400 on hand.
  2. Depreciation on equipment for December is $3,000.
  3. Employees are paid $10,000 every Friday for the five-day work week Monday - Friday. They were last paid on Friday, December 26. December 31 is a Wednesday.

Date Account Titles

Ref

 Debit Credit

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