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Prepare adjusting entries for the following transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered.
Prepare adjusting entries for the following transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) 1. Depreciation on equipment is $576 for the accounting period. 2. There was no beginning balance of supplies and purchased $576 of supplies during the period. At the end of the period $144 of supplies were on hand. 3. Prepaid rent had a $1,152 normal balance prior to adjustment. By year end $384 was unexpired. No. Account Titles and Explanation 1. 2. 3. Debit Credit
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