Question
Take your journals that you did for the last HW assignment , the 10Journals, and post to T accounts. Then make 3 adjustment journals: 1.
Take your journals that you did for the last HW assignment , the 10Journals, and post to T accounts. Then make 3 adjustment journals:
1. We count the supplies on hand and there is only $2,500 of supplies - Make the adjustment
2. The truck we bought for $28,000, the monthly depreciation is $500 per month - make this adjustment
3. Employees worked in May and earned $750 the last week and we haven't paid them for this yet - make the adjustment
Then post these adjustments to the T accounts , total the T accounts
There is a file with the formats for this assignment called Acctg 1A HW chap 3 format
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