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Griesbach, Inc., prepares monthly financial statements. The September 30,2012, trial balance reveals the following: An inventory of supplies reveals that only S675 arc on hand
Griesbach, Inc., prepares monthly financial statements. The September 30,2012, trial balance reveals the following: An inventory of supplies reveals that only S675 arc on hand at the end of the month. Of the unearned rent revenue, S600 remains unearned. The note payable was taken out on September 1, 2012, for 12 months, at 10%. Lastly, the weekly payroll is S3,600. Employees arc paid each Friday for a 5-day work week, and September 30 is a Wednesday. Assuming Griesbach, Inc. has a year end of September 30, prepare the appropriate adjusting journal entries. Palmer Pen Co. has the following adjusted trial balance
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