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7 and 8 are small parts of the overall question- Main question : Prepare in journal entry form, the following 6 adjusting entries for Acme

7 and 8 are small parts of the overall question-
Main question : Prepare in journal entry form, the following 6 adjusting entries for Acme Car Detailers at year ended 12/31/19 image text in transcribed
7. Acme had purchased $2,000 worth of office supplies on March 17, 2019. A count of the office supplies at December 31, 2019 finds that only $1,000 was leftover. The bookkeeper recorded the purchase of the office supplies as follows: Supplies $2,000 Cash $2,000 To record the purchase of office supplies. You need to record the adjusting entry for the supplies that had been consumed or used up by the Acme. Acme had purchased 3 years ago, a truck to do mobile car detailing. The truck cost $30,000. It has a 5 year useful life with no residual value. The truck is depreciated by use of the straight line method and therefore gets depreciated by $6,000 each year. The bookkeeper recorded the purchase of the truck as follows: Truck $30,000 Auto Loan To record the purchase of a truck. $30,000 You need to record the year's depreciation expense for the truck for 2019. As a hint: Debit Depreciation Expense S6,000 Credit: 2

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