Question
1) Silver Star Realty Co. pays weekly salaries of $16,200 on Friday for a five-day workweek ending on that day. Journalize the necessary adjusting entry
1) Silver Star Realty Co. pays weekly salaries of $16,200 on Friday for a five-day workweek ending on that day.
Journalize the necessary adjusting entry assuming that the accounting period ends on Tuesday. If an amount box does not require an entry, leave it blank.
2) The supplies account had a beginning balance of $4,085 and was debited for $7,810 for supplies purchased during the year.
Journalize the adjusting entry required at the end of the year, assuming the amount of supplies on hand is $3,610. If an amount box does not require an entry, leave it blank.
3) The estimated amount of depreciation on a building for the current year is $8,120.
Journalize the adjusting entry to record the depreciation. If an amount box does not require an entry, leave it blank.
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