mework For each separate case below, follow the three-step process for adjusting the Supplies asset account at December 31 Step 1: Determine what the current account balance equals Step 2: Determine what the current account balance should equal Step 3: Record the December 31 adjusting entry to get from step 1 to step 2 Assume no other adjusting entries are made during the year Supplies The Supplies account has a 5700 debit balance to start the year. No supplies were purchased during the Curtyat. A December 31 physical count shows $310 of supplies remaining Supplies Step 1: Determine what the current account balance equals. Stap 2: Determine what the current account balance should equal Step 3: Record the December 31 adjusting entry to get from step 1 to step 2 b. Supplies The Supplies account has an $1,000 debit balance to start the year, Supplies of 14,100 were purchased during the current year and debited to the Supplies account. A December 31 physical count shows $1.150 or supplies Supplies Step 1: Determine what the current account balance Step 2: Determine what the current account balance should equal Step 3: Record the December 31 adjusting entry to get from step 1 to step 2. supplies: The fupplies account has a $6,000 debet balance to start the year. During the current year, supplies of 513.400 were purchased and debuted to the supplies account. The inventory of supplies weble w December 21 totale 13.10 Supplies Sip 1: Determine what the current account balance Step 2. Demine what the current account balance should equal Step Record the December 31 adjusting entry to get from top 2 Prev For each separate case below, follow the three-step process for adjusting the unearned revenue liability account at December 31 Step Determine what the current account balance equals Step 2. Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2. Assume no other adjusting entries are made during the years The cow 111.000 cash in advance for four months of evenly planned legal services beginning on October 1. The code by debiting Cash and crediting Uneamed Revenue both for $11.900. It is now December 31, and Tae has provided rices as planned. What susting entry should Tamil to account for the work performed from October through December 117 Uneamed revenue Stap 1: De what the current count balance equal Step 2: Determine what the current account balance should equal Step 3 Hecond December 31 adjusting entry to get from step to step 2 Caden started a new publication called Castle wherben pay 141 to recalve 12 monthly sues with every w cribe. Caden di Cash and manamed Shein Ruhelved. The company has 100 bers of My 1. sende Contest News to each of these conveyormuy the December Asuming changes in subscribers, prepare the year and journal entry that Cadena Decorar 31 tette Subscription en account and the need absorption Revenge account Step Damewhat recente Uneed subscription revenue Stap 2: Delme what the current counce should Step Record the cambiar get to the Record the depreciation adjustment on equipment on December 31 ber Trans General de Deba Cruh Record entry View general Hecord year-end adjusting entry to reflect expiration of the insurance as of December 31. Teanston Cencalona Da Credit Record Clearany View general journal
