Acc 201 5-1 Milestone Two

On September 30, the following adjustments must be made:[Note: This is a sample.] Depreciation of baking equipment transferred to company on

7/13. Assume a half month of depreciation in July using the straight-line method. 250

Accrue interest for note payable. Assume a full month of interest for July. (6% annual interest on $10,000 loan from parents.)

Record insurance used for the year.

Actual baking supplies on-hand as of September 30 are $1,100.

Office supplies on-hand as of September 30 are $50.

*This is apart of an Accounting work book

Adjusting Journal Entries

Put entries in shaded cells

2018

<