Question: Using the information from the Excel workbook from Week 3s submission, complete a worksheet using the following information for accounting adjustments. Complete the columns for
Using the information from the Excel workbook from Week 3s submission, complete a worksheet using the following information for accounting adjustments. Complete the columns for the below adjusting entries, income statement, and balance sheet. Also, record the required closing entries. Add any lines as necessary.
1. Expired insurance, $553.
2. Ending store supplies inventory, $2,632.
3. Ending office supplies inventory, $504.
4. Depreciation of store equipment, $567.
5. Depreciation of office equipment, $329.
I have completed my adjustment entries. What would the required closing entries be?
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