Journalize the following adjustments in the journal page below.

Use explanations for the transactions and leave a space between each transaction.

These are eight (8) separate transactions. Do not assume that they relate to one another or are for the same company.

These companies make adjustments MONTHLY except for Transaction #8 which is for a six month period.

1.The supplies asset account balance December 31st was $4,000. In the supply storeroom, it was determined through a count that only $2,750 of supplies were remaining. Make the adjusting entry for December 31st to reflect this.

2.An insurance policy bought on August 1st, 2014 for $6,000 was to last for four (4) years. What was the adjusting journal entry for May 31st, 2015?