Current Attempt in Progress

Prepare the required end$-$of$-$period adjusting entries for each independent case listed below. $($List all debit entries before credit entries.

Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No entry"

for the account titles and enter $O$ for the amounts. Record journal entries in the order presented in the problem.$)$

Case $1$

A company began the year with a $$2,700$ balance in the Supplies account. During the year, $$7,650$ of additional supplies were

purchased. A physical count of supplies on hand at the end of the year revealed that $$7,470$ worth of supplies had been used during

the year. No adjusting entry has been made until year$-$end.

Case $2$

A company has a calendar year$-$end accounting period. On July $1,$ the company purchased office equipment for $$27,000.$ It is

estimated that the office equipment will depreciate $$180$ each month. No adjusting entry has been made until year$-$end.

Case $3$

A company is in the business of renting several apartment buildings and prepares monthly financial statements. It has been

determined that $2$ tenants in $$810$ per month apartments and one tenant in the $$900$ per month apartment had not paid their

December rent as of December $31.$

Case Account Titles and Explanation

Debit

Credit