Question
Review and post the below adjusting accrual entries to the General Journal and post the transactions to the Assignment #2 worksheet that impacts the income
Review and post the below adjusting accrual entries to the General Journal and post the transactions to the Assignment #2 worksheet that impacts the income statement, and balance sheet.
1. Office Supplies were fully depleted at the end of November.
2. Store Supplies were fully depleted at the end of November.
3. The cost of Expired insurance at the end of November totaled $5,100.
4. Equipment depreciation through November totaled $16,800.
5. Additional utilities expense of $725 needs to be recorded.
6. The company employees have earned additional $3,600 of accrued wages.
7. Additional rent expense has been incurred in the amount of $2,000 and needs to be recorded.
8. Additional property taxes of $1,000 have been assessed and needs to be recorded.
9. The owner withdrew an additional $3,000 from the Capital Account.
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