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Record the following adjusting journal entries for July 31, 2019. Number the adjusting journal entries AJE1, AJE2, and so on: a. Record one month of
Record the following adjusting journal entries for July 31, 2019. Number the adjusting journal entries AJE1, AJE2, and so on: a. Record one month of insurance expense. b. Record one month of advertising expense. c. Office supplies on hand totaled $420. d. Depreciation for the Tennis Courts for the six months ending July 31 is $1,500. e. Depreciation for the Furniture for the six months ending July 31 is $450. f. Depreciation for the Equipment for the six months ending July 31 is $600. g. A review of the inventory reveals that two tennis outfits were damaged and needed to be discarded. Adjust the inventory account. Use Inv Adj as the reference
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