house Problem H Adjusting Entries Prepare the February adjusting entries for Jose's Repair Shop. chapter 3 1. In January Jose's Repair shop paid $1200 for a year's insurance. Record the adjusting entry For one march $2 ... to show how much has expired. only - even if 2., In Janaury Jose bought $2000 in repair supplies. His current inventory is $500. 3. Jose's february depreciation is $600. received in 4. Jose determines that he will owe $3000 in income tax for February. 5. In January Jose prepaid $6000 for six month's rent. Record the adjusting entry to show how much has January been used . 6. Jose pays his employee $500 a week for 5 day's work. The month ends on a Tuesday S and Jose has not yet recorded the payroll for Monday & Tuesday. Sample Journal Entries Salaries Expense Supplies Expense Salaries Payable Supplies Depreciation Expense Taxes Expense Accumulated Depreciation Taxes payable Insurance Expense Rent Expense Prepaid Insurance Prepaid rent Interest Expense Interest Payable Problem I O