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I. Adjusting Journal Entries: 1. On July 1st, Addams Corp. purchased $10,000 worth of supplies on account. On July31st, $4,000 of supplies remained unused. Required:

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I. Adjusting Journal Entries: 1. On July 1st, Addams Corp. purchased $10,000 worth of supplies on account. On July31st, $4,000 of supplies remained unused. Required: Prepare the appropriate Journal entries for July 1st and July 31st. 2. During the last week of August the Employees of Buchannan Inc. earned $20,000 in salaries. These salaries will be paid with the first payroll in September. Required: Prepare the appropriate journal entry for August 31st. 3. On September 1st, Carter Inc. received a $100,000 cash retainer from Douglass Corp. for Consulting work to be provided in the future. During September Carter provided Douglass with $30,000 worth of consulting services Required: Prepare the appropriate journal entry for September 30, 2019. 4. On October 1st, Eastern Corp. signed a three month lease and paid $1.200 in cash. The term of the lease is three months beginning on October 1st. Required: Prepare the appropriate journal entries for October 1st and October 31st. 5. During the month of November Franklin Corp. provided Georgia Inc. with $30,000 worth of Financing Services. This amount has not been billed or recorded as of November 30, 2019. Required: Prepare the appropriate journal entry for November 30, 2019. 6. During the month of December Harrison Corp received Plumbing Services of $30,000 from Island Plumbing. The invoice has not been received and the expense has not been recorded as of December 31st. Required: Prepare the appropriate journal entry for December 31st

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