solve from a- e

adjusting entries

roblem #2 Prepare the Adjusting Journal Entries at 12/31/15 for the following items: a) At 12/31/14, a company reports a balance in office supplies inventory of $500. During 2015, the company purchases an additional $3,500 of office supplies. By 12/31/15, only $700 of office supplies remains. Recore the adjusting entry to record the 2015 usage at December 31, 2015. b) A company rents office space for one year, and has already paid $12,000 (rent is $1,000/month) in advance December 15, 2015 for the rent period January 1, 2016 - December 31, 2016. They recorded the initial pa as prepaid rent. Record the adjusting entry to record the rent incurred at April 30. 2016. c) A company pays its employees every two weeks at a rate of $800/week. The current two-week pay p from December 24, 2015 to December 31, 2015 and from January 1, 2016 to January 7, 2016. Rece adjusting entry at December 31, 2015. d) A company purchases new equipment. Depreciation on the equipment for 2015 is $2,500. Re depreciation expense adjusting entry at December 31, 2015. e) On September 15, 2015 a landlord received $4,000 for four months (rent is $1,000/month) period October 1, 2015 - January 31, 2016. They recorded the initial payment as unearned adjusting entry to record the rent earned at December 31, 2015