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Jay's Management Incorporated is finalizing its December 31, 2022 year-end. They record adjustments on a monthly basis. They have asked you to complete any required
Jay's Management Incorporated is finalizing its December 31, 2022 year-end. They record adjustments on a monthly basis. They have asked you to complete any required adjusting entries from the following information: A. On October 1st, the company paid $2,400 for a one-year insurance policy and posted it to Prepaid Insurance. B. The accountant, Mary, completed the 2022 depreciation schedule using straight-line depreciation, which showed the total depreciation expense for the month should be $6,000. C. The three employees who work at the company are each paid $400 a day from Monday to Friday. They are paid on Saturday of each week. December 31,2022 falls on a Wednesday this year. D. As of December 31,2022, the company had a balance of $4.200 in office supplies. At year-end a count was performed and said there was $380 of supplies still on hand. Required Prepare adjusting journal entries for the month end December 31st. Explanations are not required
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