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Prepare adjusting entries using the following information in the General Journal below. Show your calculations! a) One month's insurance has expired. b) The remaining inventory
Prepare adjusting entries using the following information in the General Journal below. Show your calculations! a) One month's insurance has expired. b) The remaining inventory of repair supplies is $388. c) The estimated depreciation on repair equipment is $140. d) The estimated income taxes are $80. Parkview Landscaping Corporation Trial Balance July 31 DR CR Cash $21,356 Prepaid Insurance $2,200 Landscaping Supplies $380 Landscaping equipment $8,800 Accts. Payable $7,980 Common Stock $24,000 Landscaping Rev. $5,344 Rent Expenses $2,080 Utility Expenses $308 Insurance Expenses $200 Supplies Expenses $400 Dividends paid $1,600 done 37324 37324
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