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E5-6a & E 5-7a. Need help confused. Please. (LOI) ANALYSIS OF ADJUSTING ENTRY FOR SUIMIES Analyze each situation and indicate the correct dollar amount for

E5-6a & E 5-7a. Need help confused. Please. image text in transcribed
(LOI) ANALYSIS OF ADJUSTING ENTRY FOR SUIMIES Analyze each situation and indicate the correct dollar amount for the adjusting entry. (Trial balance is abbreviated as TB.) EinA 1. Ending inventory of supplies is $260. (Balance Sheet) Supplies (Income Statement Supplies Expense 580 2. Amount of supplies used is $230. Balance Sheet) Supplies (Income Statement) Supplies Expense 435 Bal. ANALYSIS OF ADJUSTING ENTRY FOR INSURANCE Analyze each situation and indicate the correct dollar amount for the adjusting entry 1. Amount of insurance expired is $970. Balance Sheet) Prepaid Insurance (Income Statement Insurance Expense TB 1,450 2. Amount of unexpired insurance is $565. Balance Sheet) Prepaid Insurance (Income Statement) Insurance Expense TB 1,350 POSTING ADJUSTING ENTRIES Two adjusting entries are in the following general journal. Post these adjusting entries to the four general ledger accounts. The following account numbers were taken from the chart of accounts: 141, Supplies; 219, Wages Payable 511, Payable; 511, working pan Wages Expense; and S23, Supplies Expense. If you are nor using the he entrs: Supolt accompany this text, enter the following balances before posting s that es: Supplies, $200 Dr ies, $200 Dr; Wages Expense, $1,200 Dr continued

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