Question: Using the following data, prepare the adjusting entries for the month ended February 28, 2016. a. Insurance expired during February. $1, 900 b. Supplies on
Using the following data, prepare the adjusting entries for the month ended February 28, 2016. a. Insurance expired during February. $1, 900 b. Supplies on February 1 were $1, 800 with $7, 400 of supplies purchased during February. A count of supplies on February 28 indicated $2, 200 on hand. c. Fees earned but not yet billed $3 500 d. Depreciation on equipment for February $4, 900 e. Employees are paid $3, 500 every Friday. February 28 is a Tuesday
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