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Question 40 of 41 -/5 E ! Prepare adjusting entries for the following transactions. (List all debit entries before credit entries. Credit account titles
Question 40 of 41 -/5 E ! Prepare adjusting entries for the following transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) 1. Depreciation on equipment is $1,369 for the accounting period. 2. Interest owed on a loan but not paid or recorded is $286. 3. There was no beginning balance of supplies and $561 of office supplies were purchased during the period. At the end of the period $102 of supplies were on hand. 4. Prepaid rent had a $1,020 normal balance prior to adjustment. By year end $714 had expired. 5. Salaries incurred by year-end but not yet paid or recorded amounted to $918. No. Account Titles and Explanation 1. 2. 3. Debit I Credit
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