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Prepare adjusting entries for the following transactions. (Credit account titles are automatically indented when the amount is entered. D not indent manually. If no entry
Prepare adjusting entries for the following transactions. (Credit account titles are automatically indented when the amount is entered. D not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) 1. Depreciation on equipment is $900 for the accounting period. 2. There was no beginning balance of supplies and purchased $500 of supplies during the period. At the end of the period $150 of supplies were on hand. 3. Prepaid rent had a $1,000 normal balance prior to adjustment. By year end $400 was unexpired
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