i have a question please if you can please help! 1.Adjusting entries affect at least one balance
Question:
i have a question please if you can please help!
1.Adjusting entries affect at least one balance sheet account
and at least one income statement account. For the following
entries, identify account to be debited and account to be
credited.
a. Entry to record revenue earned that was
previously received as cash in advance.
b. Entry to record annual depreciation expense.
c. Entry to record wage expense incurred but not
yet paid.
d. Entry to record revenue earned but not yet
billed.
e. Entry to record expiration of prepaid insurance.
2.On March 1, Dillmore company had office supplies on hand of $9,00 during the month, Dillmore purchased additional supplies costing $6,00. approximately $4,00 of unused supplies remain on hand at the end of month.
a. Prepare necessary adjusting entries on March 31 for office supplies.