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7. Worksheet adjustments for this month (50 pts) a. Ending inventory of office supplies was $2,200 b. Depreciation expense is 5% of cost of
7. Worksheet adjustments for this month (50 pts) a. Ending inventory of office supplies was $2,200 b. Depreciation expense is 5% of cost of equipment c. Just prior to this month, the firm signed a prepaid lease for $8,000 and the lease is good for 20 months of rent d. $500 of prepaid insurance expired this month e. An accrual for wages payable at the end of the month was made for $300 f. Half of the unearned revenue is still unearned I
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