Baker City Well Drilling, Inc.

Adjusting Entry Information

Information for adjusting entries covering the two months ended July

${31}^{st}$ is as follows:

$7/31$ A count of drilling supplies on hand indicated unused supplies

still on hand totaled $$1,455.$

$7/31$ Employee wages of $$3,800$ for the month of July are scheduled

to be paid on August $2$nd$.$

$7/31$ Depreciation expense on the building for $"2"$ months amounts

to $$1,200.$

Depreciation expense on drilling equipment for $"2"$ months

amounts to $$450.$

Depreciation expense on the truck for $"2"$ months amounts

to $$625.$

$7/31$ Interest expense has accrued on the note payable for the shop

building and land in the amount of $$645.$

Financing the Ford Super Heavy$-$Duty Truck was a zero interest

financing offer, therefore, no interest has accrued.

$\frac{7}{31}"2"$ months of the prepaid insurance policy has now expired.