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

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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