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Book: Balances Sheet Adjustrent Process Alex Wera organized Succulent Express at the beginning of February 20Y4, During February, Succulent Fxpress entered into the followino transactions:
Book: Balances Sheet Adjustrent Process Alex Wera organized Succulent Express at the beginning of February 20Y4, During February, Succulent Fxpress entered into the followino transactions: a. Terry Mason invested $28,375 in Succilent Express in exchange for common stock. b. Daid $5,720 on rebesary 1 for an inueance pretsium on a one-year policy. c. Purchased supplies on wocount, 52,640 . d. Fuctived tees of $36,640 during Febnuary. e. Paid expenses as follows: waves, $22,200; rent, \$3,700; vtlities, $1,850; and miscellanbous, $2,035. t paid dibendis of $7,905. The trancactions above have already been recorded in the integrated finandial statement framework below. Recors the adjusting entries at the ond of February to ricord the insurance expense and supples oxperse. There were $1,980 of supples on hand as of february 26 . Identify then adjusting entry for insurance as (a)) and supplies as (az). Use the integrated financial statement framemori below. After each transaction, enter a bolance for each item. If an amount box does not require an entry, leave it blenk. If required, round your answer to the nearest dollar. Enter accoont decreases as negative amounts using the minus sion
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