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2) Journalize the following adjustments (5 points) A count shows supplies on hand of $250. (the company had no supplies before the purchase in transaction
2) Journalize the following adjustments (5 points)
A count shows supplies on hand of $250. (the company had no supplies before the purchase in transaction 8 above)
Accrued but unpaid employees salaries are $1,000.
Depreciation on car for the month is $250.
Services were performed to satisfy $600 of unearned service revenue.
Bad debts expense is considered to be 2% of net credit sales. The company uses the allowance method.
One months worth of rent
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