Gureeperdeanfil... Today, 9:03 AM 1004 053-5Preparing using entries (annual)-supplies L04 Organic Market, a grocery store purhased supplies for $12,000 caonly 1,2017. As of December 31 2017, $7.000 had been used and $500 of supplies had not been ed Organic Market prepares francal statements on an annual basis and has a December 31) a Record the journal entry only 1, 2017 b. In order to prepare the annual financial statements, cord the adjusting joyf the amount of supplies used a of December 21, 2012 On January 1, 2018, how much supplies does Organic Market have QS 3-6Preparing adjusting entries (annual)-prepaid expence L Kiss the Chef Co, a cooking school purchased a two-year urance policy on Apr 1, 2017, paying ca of $7.680 Its year-end is December 31 Record the joumal entry on April 1, 2017, b. How many months are between April 1, 2017 and Deceptier 31,2017 Record the w on December 31, 2017 e How many months are between entry on Decembe 31, 2018 How many months of the insurance policy w 201 QS 3-7Preparing adjusting entries (annual)-depreciation 104 the On January 1, 2017, Taco Taqueria, a Mexican restaurant, purchased equipment for $12.000 cash Taco Tequena estimates that the equipment will last five years juteful Me The restaurant expects equipment for $2,000 at the end of five: Taco Taqueria prepares financial statements- basis and has a December 31 year end Record the journal entry on January 1, 2012 What is the formula to calculate straight-line depreciation Using the straight-line depreciation method calculate the annual deprecation for 2017 Lan 1 Dec 31 2017) In order to prepare the annual financial statements, cont the austing journal entry fe depreciation on December 31, 2017 $2,000 053-8Preparing adjusting entries (annual)-depreciation expense LO to sharet a vehicle inarch ticeshi ed by the presid of St Gold Co. year end is