Prepare adjusting entries at the end of the year on December 31, 2011, based on the following data.
1. Depreciation on office equipment for the year is
2. The balance in Supplies before adjustment is $1,900. A physical count reveals $300 of supplies on hand on December 31, 2011.
3. A two-year insurance policy costing $1,800 was purchased on
Sept. 30, 2011. Assume that the purchase was properly recorded on
Sept. 30 by debiting Prepaid Insurance and crediting Cash; what is
the adjusting entry at Dec. 31?
4.Unearned Service Revenue has a balance of $4,000 before adjustment. Records show that $1,500 of that amount has been earned by December 31, 2011.
5. Salaries owed to employees on December 31, 2011, amount to
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