The following accounts were used to make year-end adjustments. Identify the related account that is associated with this account (the other account in the adjusting entry). Salaries Payable Depreciation Expense Supplies Unearned Rent Identify whether each of the following transactions, which are related to expense recognition, are accrual, deferral, or neither. paid an expense for the current month prepaid an expense for future months made a payment to reduce accounts payable incurred a current-month expense, to be paid next month Supplies were purchased on January 1, to be used throughout the year, in the amount of $8,500. On December 31, a physical count revealed that the remaining supplies totaled $1,200. There was no beginning of the year balance in the Supplies account. Based on the information provided: Create journal entries for the original transaction Create journal entries for the December 31 adjustment needed to bring the balances to correct Show the activity, with ending balance Beginning balance Purchased Subtotal Used Remaining Supplies

The following accounts were used to make year-end adjustments, Identify the related account that is associated with this account (the other account in the adjusting entry). Salaries Payable Depreciation Expense Supplies Unearned Rent Identify whether each of the following transactions, which are related to expense recognition, are accrual, deferral, or neither. paid an expense for the current month prepaid an expense for future months made a payment to reduce accounts payable incurred a current-month expense, to be paid next month Supplies were purchased on January 1 , to be used throughout the year, in the amount of $8,500. On December 31 , a physieal count revealed that the remaining supplies totaled \$1,200. There was no beginning of the year balance in the Supplies account. Based on the information provided: Create journal entries for the original transaction Create joumal entries for the December 31 adjustment needed to bring the balances to correct Show the activity, with ending balance