Question
Above I have provided ALL the original journal entries... PART TWO INSTRUCTIONS: Record all adjusting entries as of January 31, 2023. Record Adjusting Entries: Record
Above I have provided ALL the original journal entries...
PART TWO INSTRUCTIONS:
Record all adjusting entries as of January 31, 2023.
Record Adjusting Entries: Record the following month end adjusting entries for the month of January. Write the journal entries in the practice set after the original journal entries. Round all answers to the nearest cent.
a) $70 of office supplies remained on hand.
b) $200 of shipping supplies remained on hand.
c) $1,300 of wages for the part-time help from Irene's Temp Services for January should be accrued. Do not worry about payroll taxes; Temp Services Inc. will handle these.
d) Make the necessary adjusting entries for one month's depreciation for the Computer Equipment using Straight Line Depreciation.
e) Make the necessary adjusting entry for one month's depreciation for the furniture and fixtures using Straight Line Depreciation.
f) One month of the prepaid insurance has expired.
g) One month of the prepaid rent has expired.
h) Record the interest for the loan from Wells Fargo for one month.
Thank you
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