Question 6:Using the following data, prepare the adjusting entries for the month ended December 31, 2023.

1. On December 1, the supplies account had a balance of $1,200; $2,800 of supplies were purchased during December. A physical count of supplies on December 31 indicated $1,400 on hand.
2. Depreciation on equipment for December is $3,000.
3. Employees are paid $10,000 every Friday for the five-day work week Monday - Friday. They were last paid on Friday, December 26. December 31 is a Wednesday.

Date	Account Titles	Ref	Debit	Credit

Answer rating: 100% (QA)

Here are the adjusting entries for December 31 2023 1 Supplies Adjustment Dec 31Supplies ... View the full answer