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Adjusting items: 1.) A physical inventory shows supplies on hand of $2,500 at year end. 2.) The prepaid rent covers December 2016 thru March 2017

Adjusting items:
1.) A physical inventory shows supplies on hand of $2,500 at year end.
2.) The prepaid rent covers December 2016 thru March 2017 rents.
3.) December depreciation on equipment is $11,500 per month.
4.) A year end Wages of $12,000 were earned but unpaid.
Use this information to prepare the general Journal entry (without explanation) for the required end of the month adjustment. If no entry is required the write of No Entry Required image text in transcribed
image text in transcribed
image text in transcribed
The following is the Bravo Unlimited unadjusted Trial Balance. Bravo Unlimited Unadjusted Trial Balance December 31, 2016 Account Title Debit Credit Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation $88,450 231,860 6,255 12,000 395,285 $224,260

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