Adjusting entries

This is the end of the first month of operating activity. However, you will also need to prepare adjusting entries for the end of August. Below is some information that help you prepare adjusting entries. Make no entries for dividends this month. Adjust. 1 Accrued payroll since Aug 26 is .Make the accrual for gross 648 #126 wages only. You will record the employee and employer taxes when payment is made in September. Arctic Blast has not yet been billed for utilities (electricity, water, etc.) for August. You need to accrue the estimated expense cf 206 Adjust. 2 #1-27 Adjust. 3 #1-28 The value of the office supplies on hand at the end of the month is 267. Record the amount used during August. Adjust. 4 Arctic Blast must accrue the telephone bill for the second half of August. #1-29 It is estimated to be 67 Adjust. 5 You need to expense one month of the franchise fee. The franchise fee #1-30 has a two year life. Adj. 6-8 There are three other adjusting entries that need to be made based on #1-31 to the information provided in transactions #1 through 25, Record these #1-33 adjustments as needed. This is the end of the first month of operating activity. However, you will also need to prepare adjusting entries for the end of August. Below is some information that help you prepare adjusting entries. Make no entries for dividends this month. Adjust. 1 Accrued payroll since Aug 26 is .Make the accrual for gross 648 #126 wages only. You will record the employee and employer taxes when payment is made in September. Arctic Blast has not yet been billed for utilities (electricity, water, etc.) for August. You need to accrue the estimated expense cf 206 Adjust. 2 #1-27 Adjust. 3 #1-28 The value of the office supplies on hand at the end of the month is 267. Record the amount used during August. Adjust. 4 Arctic Blast must accrue the telephone bill for the second half of August. #1-29 It is estimated to be 67 Adjust. 5 You need to expense one month of the franchise fee. The franchise fee #1-30 has a two year life. Adj. 6-8 There are three other adjusting entries that need to be made based on #1-31 to the information provided in transactions #1 through 25, Record these #1-33 adjustments as needed