1.The supplies asset account balance December 31st was $4,000. In the supply storeroom, it was determined through a count that only $2,750 of supplies were remaining. Make the adjusting entry for December 31st to reflect this.

2.An insurance policy bought on August 1st, 2014 for $6,000 was to last for four (4) years. What was the adjusting journal entry for May 31st, 2015?

3.Employees are paid $2,400 every two (2) weeks. Make the adjusting entry for June 30th if the last payday was June 23rd.

4.On May 28th the Senior Accountant informs you that approximately 1% of all sales on account this month will likely not be collected. On May 31st sales on account amounted to $15,547. (Stage 1).

5.On December 31, the AccountingManagerdecides that all uncollectable accounts should be written off and removed from the accounts receivable ledger. Currently the value of these accounts is $1,750. (Stage 2)

6.Machinery purchased January 1st, 2015 for $49,000 was expected to last for 40 years and would be worth $1,000 at that time. The company is using the straight-line method of amortization. What is the entry for May 31st, 2015?

7.Office Equipment purchased for $30,000 January 1st, 2015 is amortized at the rate of 20% per year.The accumulated amortization up tothis point was $500.What is the entry for February 28th, 2015?

8.A truck purchased for $20,000 has accumulated amortization of $6,000 on January 1st and is amortized at a rate of 10%. What's the entry for6 month period ending June 30th?