Peyton Approved Adjusting Journal Entries 2014 Date 30-Sep Depreciation Expense Accounts tep6 ou wll use the "Adjusting Entrles" tab In your workbook to complete the following entrles. See 208.33 mple for Depreclatlon of Baklng Equlpment. Take the adjusting entrles from thls worksheet and nter them Into the trlal balance on the Steps 5 and 7 Trlal Balance tab. accumulated depreciation 208.33 On Septem ber 30, the following adjustments must be made Depreciation ofbakng equipment transferred to company on 7/13 Assume % month of depreclotion In July using the strolght-line methoo Accrue interest for note payable. Assume a ful month of interest for July. (6% annual interest on 510,000 loan from parents. Record insurance used forthe year Actual baking supplies on-hand as of September 30h s $1100 Misc. supplies on-hand as of septem ber 30th is 550. . . Peyton Approved Adjusting Journal Entries 2014 Date 30-Sep Depreciation Expense Accounts tep6 ou wll use the "Adjusting Entrles" tab In your workbook to complete the following entrles. See 208.33 mple for Depreclatlon of Baklng Equlpment. Take the adjusting entrles from thls worksheet and nter them Into the trlal balance on the Steps 5 and 7 Trlal Balance tab. accumulated depreciation 208.33 On Septem ber 30, the following adjustments must be made Depreciation ofbakng equipment transferred to company on 7/13 Assume % month of depreclotion In July using the strolght-line methoo Accrue interest for note payable. Assume a ful month of interest for July. (6% annual interest on 510,000 loan from parents. Record insurance used forthe year Actual baking supplies on-hand as of September 30h s $1100 Misc. supplies on-hand as of septem ber 30th is 550