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Prepare the required journal entry andPrepare the T-accounts for each account, enter the unadjusted balances, post the journal entry, and report the adjusted balance 1.)

Prepare the required journal entry andPrepare the T-accounts for each account, enter the unadjusted balances, post the journal entry, and report the adjusted balance

image text in transcribed 1.) At December 31, the unadjusted trial balance of H&R Tacks reports Supplies of $8,400 and Supplies Expense of $0. On December 31, supplies costing $7,400 are on hand. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. 2.) At December 31, the unadjusted trial balance of H&R Tacks reports Prepaid Insurance of $5,040 and Insurance Expense of $0. The insurance was purchased on July 1 and provides coverage for 24 months. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. 3.) At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of $0 and Salaries and Wages Expense of $28,000. Employees have been paid for work done up to December 27, but the $1,100 they have earned for December 28-31 has not yet been paid or recorded. Prepare the adjusting journal entry on December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) and Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance 4.) At December 31, the unadjusted trial balance of H&R Tacks reports Interest Payable of $0 and Interest Expense of $0. Interest incurred and owed in December totals $530. Prepare the adjusting journal entry on December 31. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance 5.) At December 31, the unadjusted trial balance of H&R Tracks reports Software of $31,000 and zero balances in Accumulated AmortizationIntangibles and Amortization Expense. Amortization for the period is estimated to be $6,200. Prepare the required journal entry on December 31. Prepare the Taccounts for each account, enter the unadjusted balances, post the journal entry, and report the adjusted balance

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