Question
2. Please record the adjusting entries for the month of May 31, 20-. It is not necessary to write a description line. a) Ritas Roses
2. Please record the adjusting entries for the month of May 31, 20-. It is not necessary to write a description line. a) Ritas Roses bought office supplies on May 12th for $60. The inventory taken on May 31st show that only $20 worth of supplies remain. b) On May 1st, Rita paid $210 for a six-month insurance policy. c) Rita has a high school student part-time worker. She was paid $600 this month, but earned an additional $40 that has not been paid. Rita bought a flower cooler last year and paid $3800 for it. It has a useful life of ten years, and a salvage value of $200.
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