q 4

Prepare adjusting entries for the following transactions. Omit explanations. 1. Depreciation on equipment is $800 for the accounting period. 2. There was no beginning balance of supplies and purchased $500 of office supplies during the period. At. the end of the period $80 of supplies were on hand. 3. Prepaid rent had a $1.000 nomal balance prior to adjustment. By year end $600 was unexpired