Calibri (Cuer... 11 A- A Ajustar texto Combinar y centrar NK egar A S X v fx Adjusting Journal Entries Using the information provided make the ADJUSTING entry that is necessary. Adjusting entries are made at the end of an accounting period. 1 The supplies account has a balance of $300. A count of supplies on hand shows $100. 7 8 9 10 2. At the end of the current period $500 of fees have been earned but no bills have been sent to clients. 12 13 14 3 Prepaid insurance was debited on October 1 for $600 which is the annual premium. The end of the accounting period is December 31 4 Salaries are paid every Friday. The five day week salary expense is $1,000. The accounting period ends on a Wednesday, December 31. Show the journal entry for the expense on December 31 and the Journal entry for January 2. 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 The company borrowed $10,000 from the bank at 6% interest on November 1. The loan is to be repaid in one year The end of the accounting period is December 31. Write the adjusting entry for the interest for 2 months 6 The estimated amount of depreciation on equipment for the current period is $700. 36 37 32 40 42 44 Ad Journal Entries Ad Journal Entries solution The Adjusting Process Adjusting Process Solu Listo