Question 3 of 14 View Policies Current Attempt in Progress Prepare adjusting entries for the following transactions. Omit explanations. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) 1. 2. 3. 4. 5. 1. Depreciation on equipment is $1,950. Interest incurred and owed on a loan but not paid or recorded is $700. There was a beginning balance of supplies of $470 and the company purchased $780 of office supplies during the period. At the end of the year $260 of supplies were on hand. Prepaid rent had a $5,400 normal balance prior to adjustment. By year end $1,600 had expired. Accrued salaries at year end were $2,000. Account Titles and Explanation - /20 = Debit Credit

Current Attempt in Progress Prepare adjusting entries for the following transactions. Omit explanations. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) 1. Depreciation on equipment is $1.950. 2. Interest incurred and owed on a loan but not paid or recorded is $700. 3. There was a beginning balance of supplies of $470 and the company purchased $780 of office supplies during the period. At the end of the year $260 of supplies were on hand. 4. Prepaid rent had a $5,400 normal balance prior to adjustment. By year end $1,600 had expired. 5. Accrued salaries at year end were $2,000