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Debit Credit Cash $ 126,550 Computer Equipment 50,000 50,000 Office Equipment 10,000 10,000 Common Stock 132,000 Rent Expense 3,200 Inventory 39,200 Prepaid Insurance 6,000 Sales

Debit Credit
Cash $ 126,550
Computer Equipment 50,000 50,000
Office Equipment 10,000 10,000
Common Stock 132,000
Rent Expense 3,200
Inventory 39,200
Prepaid Insurance 6,000
Sales 128,050
Cost of Goods Sold 79650
Office Supplies 5,450
Totals 320,050 320,050

using this trial balance, make these adjusting entries into a trial balance

a. A physical count of the Office Supplies account showed that there was $2,000 worth of office supplies on hand. The balance of the Office Supplies account on the unadjusted trial balance is $5,450.

b. One months insurance expired on the 12-month insurance policy purchased on July 1st for $6,000.

c. Depreciation expense on the computer system and the office equipment totaled $750 for the month of July.

d. Patrick Mahomes Sports Equipment pays their 3 part-time employees on a monthly basis. The employees will receive their paychecks totaling $3,000 on August 2, 2025.

check figure: 323,800

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