Two adjusting entries are shown in the following general journal. Post these adjusting entries to the four
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Two adjusting entries are shown in the following general journal. Post these adjusting entries to the four general ledger accounts. The following account numbers were taken from the chart of accounts: 145, Prepaid Insurance; 183.1, Accumulated Depreciation'Cleaning Equipment; 541, Depreciation Expense'Cleaning Equipment; and 535, Insurance Expense. If you are not using the working papers that accompany this text, enter the following balances before posting the entries: Prepaid Insurance, $960 Dr.; Accumulated Depreciation'Cleaning Equipment, $870Cr.
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