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
Adj. (a)

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 on

December

1.)

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)