31. Zoey Bella Company has a payroll of $10,000 for a five-day workweek. Its employees are...
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31. Zoey Bella Company has a payroll of $10,000 for a five-day workweek. Its employees are paid each Friday for the five-day workweek. Prepare the adjusting entry on December 31 assuming the year ends on Thursday. Date Description Post. Ref. Debit Credit 32. A one-year insurance policy was purchased on June 1 for $2,400. The adjusting entry on December 31 would be: Date Description Post. Ref. Debit Credit 33. Depreciation on an office building is $2,800. The adjusting entry on December 31 would be: Date Description Post. Ref. Debit Credit 34. The supplies account had a beginning balance of $1,750. Supplies purchased during the period totaled $3,500. At the end of the period before adjustment, $350 of supplies was on hand. Prepare the adjusting entry for supplies. Date Description Post. Ref. Debit Credit 31. Zoey Bella Company has a payroll of $10,000 for a five-day workweek. Its employees are paid each Friday for the five-day workweek. Prepare the adjusting entry on December 31 assuming the year ends on Thursday. Date Description Post. Ref. Debit Credit 32. A one-year insurance policy was purchased on June 1 for $2,400. The adjusting entry on December 31 would be: Date Description Post. Ref. Debit Credit 33. Depreciation on an office building is $2,800. The adjusting entry on December 31 would be: Date Description Post. Ref. Debit Credit 34. The supplies account had a beginning balance of $1,750. Supplies purchased during the period totaled $3,500. At the end of the period before adjustment, $350 of supplies was on hand. Prepare the adjusting entry for supplies. Date Description Post. Ref. Debit Credit
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