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I don't understand how to put in the adjusting entries into the T charts Adjustment data: 1. 2. Accrued salaries payable $900. Depreciation $200 per
I don't understand how to put in the adjusting entries into the T charts
Adjustment data: 1. 2. Accrued salaries payable $900. Depreciation $200 per month. Supplies on hand $1,500. Income tax due and unpaid at December 31 is $100. 3. 4. Journalize the adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. Salaries and Wages Expense 900 Salaries and Wages Payable 900 2. Depreciation Expense 200 Cash 200 3. Supplies Expense 1,500 Supplies 1,500 4. Income Tax Expense 100 Income Taxes Payable 100 Post the above adjusting entries. (Post entries in the order of journal entries presented above.) Cash 6,600 12/6 12/1 Bal. 1,600 2,000 12/8 1,900 12/15 5,700 12/20 12/10 1,400 6,664 12/27 12/23 9,894 12,430 12/31 Bal. Accounts Receivable 4,000 12/8 12/1 Bal. 1,900 10,200 12/18 10,200 12/27 12/31 Bal. 2,100 12/1 Bal. Inventory 11,400 12/10 6,800 12/18 3,800 6,700 12/13 12/23 136 12/31 Bal. 7,564 Supplies 12/1 Bal. 1,200 12/15 2,000 Accumulated Depreciation-Equipment 12/1 Bal. 2,200 12/23 Accounts Payable 6,800 12/1 Bal. 12/13 12/31 Bal. 3,900 6,800 3,900 Salaries and Wages Payable 1,000 12/1 Bal. 12/6 1,000 Common Stock 12/1 Bal. 12/31 Bal. 15,000 15,000 Retained Earnings 12/1 Bal. 12/31 Bal. 23,100 23,100 Salaries and Wages Expense 12/6 600 12/20 1,400 Income Taxes Payable Depreciation Expense Supplies Expense Income Tax ExpenseStep by Step Solution
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