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2. The year-end trial balance dated December 31, 20-3, for Kareem Industries showed Supplies at $5 050 and Prepaid Insurance at $2 100. The senior
2. The year-end trial balance dated December 31, 20-3, for Kareem Industries showed Supplies at $5 050 and Prepaid Insurance at $2 100. The senior account- ant was given the following additional information: A. An inventory of supplies revealed $1 450 to be on hand. B. The Prepaid Insurance account consisted of one 12-month policy purchased on July 1, 20-3. C. An invoice for advertising done in December arrived in January, 20-4. The amount of the invoice was $10 000. Prepare the adjusting entries. Exercise 2, p. 308 PAGE GENERAL JOURNAL PARTICULARS P.R. DATE DEBIT CREDIT
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Principles of Operations Management Sustainability and Supply Chain Management
Authors: Jay Heizer, Barry Render, Chuck Munson
10th edition
978-0134183954, 134183959, 134181980, 978-0134181981
