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1. Depreciation on equipment is $800 for the accounting period. 2. There was no beginning balance of supplies and $768 of supplies were purchased during
1. | Depreciation on equipment is $800 for the accounting period. | |
2. | There was no beginning balance of supplies and $768 of supplies were purchased during the period. At the end of the period $99 of supplies were on hand. | |
3. | Prepaid rent had a $800 normal balance prior to adjustment. By year end $258 was unexpired. |
Prepare adjusting entries for the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)
No. | Account Titles and Explanation | Debit | Credit |
---|---|---|---|
1. | enter an account title for the first adjusting entry | enter a debit amount | enter a credit amount |
enter an account title for the first adjusting entry | enter a debit amount | enter a credit amount | |
2. | enter an account title for the second adjusting entry | enter a debit amount | enter a credit amount |
enter an account title for the second adjusting entry | enter a debit amount | enter a credit amount | |
3. | enter an account title for the third adjusting entry | enter a debit amount | enter a credit amount |
enter an account title for the third adjusting entry |
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