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Question 6: Using the following data, prepare the adjusting entries for the month ended December 31, 2023. a. On December 1 , the supplies account
Question 6: Using the following data, prepare the adjusting entries for the month ended December 31, 2023. a. On December 1 , the supplies account had a balance of $1,200;$2,800 of supplies were purchased during December. A physical count of supplies on December 31 indicated $1,400 on hand. b. Depreciation on equipment for December is $3,000. c. Employees are paid $10,000 every Friday for the five-day work week Monday - Friday. They were last paid on Friday, December 26. December 31 is a Wednesday
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