Problem solving

Part 2- Problem Solving Problem 1-Journalizing Adjusting Entries 12 points Assume an annual accounting period ending December 31st; prepare adjusting entries for the following situations in general journal form: Office supplies show a balance of $3,300 before adjustment. A count at December 31 indicates $1,780 of supplies on hand a. b. Equipment purchased on September 1st of the current year cost $18,000, it has a c. Salaries for December 28-31 are unpaid at year-end. Salaries are $10,000 for the 5 day d. A 2 year insurance policy was purchased on May 1st of the current year for $2,400 $3,000 trade-in allowance and has an expected 5 year life Week