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The following additional facts are available for preparing adjustments on March 31 prior to financial statement preparation. a. The March 31 amount of computer
The following additional facts are available for preparing adjustments on March 31 prior to financial statement preparation. a. The March 31 amount of computer supplies still available totals $2,075. b. Prepaid Insurance coverage of $654 expired during this three-month period. c. Lyn Addie has not been paid for seven days of work at the rate of $235 per day. d. Prepaid rent of $2,475 expired during this three-month period. e. Depreciation on the computer equipment for January 1 through March 31 is $1,120. f. Depreciation on the office equipment for January 1 through March 31 is $220. g. The March 31 amount of merchandise inventory still available totals $544. Required: 1. Prepare journal entries to record each of the January through March transactions.
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