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please help its a 2 part question During the current year, supplies were purchased for $5,250 cash. The inventory of supplies at the prior yearend
please help its a 2 part question During the current year, supplies were purchased for $5,250 cash. The inventory of supplies at the prior yearend was $1,050. At the current year-end, inventory remaining was $1,680. For the following two separate cases, prepare the adjusting entry and determine the balance of Supplies at year-end. Case A: $5,250 was debited to Supplies Expense during the year. Case B: $5,250 was debited to Supplies during the year. Balance of Supplies at year-end: \$ Balance of Supplies at year-end: $ On June 1 , the company collected $58,800 cash, which is for services to be performed over the next 12 months. For the following two separate cases, prepare the adjusting entry and determine the balance of Deferred Service Revenue at year-end. Case A: $58,800 was credited to Service Revenue during the year. Case B: $58,800 was credited to Deferred Service Revenue during the year. Balance of Deferred Service Revenue at year-end: $ x Balance of Deferred Service Revenue at year-end: $
please help its a 2 part question
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