Requirement 3. Prepare the adjusting entries and post to the T-accounts.

Begin by preparing the adjusting entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)

a. Office Supplies used during the month,$500.

Date

Accounts and Explanation

Debit

Credit

Dec. 31

550

Adj. (a)

550

b. Depreciation for the month,$180.

Date			Accounts and Explanation	Debit	Credit
Dec. 31
Adj. (b)

c. One month insurance has expired. (On

December 1, the business paid $3,600 for a 12-month insurance policy starting onDecember

Date			Accounts and Explanation	Debit	Credit
Dec. 31
Adj. (c)

d. Accrued Interest Expense,$130.

Date			Accounts and Explanation	Debit	Credit
Dec. 31
Adj. (d)