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How would I add these to the general ledger? All information is correct but where would they get listed? I could upload the excel Doc
How would I add these to the general ledger? All information is correct but where would they get listed? I could upload the excel Doc as a image would take multiple screenshots
Requirement #4: Prepare adjusting entries using the following information in theGeneral Journal below. Show your calculations using Excel formulas!1) One month's insurance has expired.2) The remaining inventory of store supplies is $250.3) The estimated depreciation on store fixtures is $160.4) The estimated income taxes are $295.Requirement #5: Post the adjusting entries on July 31 below to the General Ledgeraccounts (2 - General Ledger worksheet). Adjusting entries are referenced in theGeneral Ledger as AE#1, AE#2, etc.DateAccount NameAccount NumberDebitCreditInsurance Expense525500Prepaid Insurance19500Supplies Expense53019,050Store Supplies11719,050Dep Expense Fixtures520160Accum Dep -Fixtures145160Income Tax Expense535295Income Tax Payable213295 Requirement #4: Prepare adjusting entries using the following information in theGeneral Journal below. Show your calculations using Excel formulas!1) One month's insurance has expired.2) The remaining inventory of store supplies is $250.3) The estimated depreciation on store fixtures is $160.4) The estimated income taxes are $295.Requirement #5: Post the adjusting entries on July 31 below to the General Ledgeraccounts (2 - General Ledger worksheet). Adjusting entries are referenced in theGeneral Ledger as AE#1, AE#2, etc.DateAccount NameAccount NumberDebitCreditInsurance Expense525500Prepaid Insurance19500Supplies Expense53019,050Store Supplies11719,050Dep Expense Fixtures520160Accum Dep -Fixtures145160Income Tax Expense535295Income Tax Payable213295
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