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The following data belongs to Mr. Amzad for the month of December, 2003 Debit 1700 Inventory supplies 2500 Prepaid insurance 600 office Equipmet 4800 Service

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The following data belongs to Mr. Amzad for the month of December, 2003 Debit 1700 Inventory supplies 2500 Prepaid insurance 600 office Equipmet 4800 Service Revenue 2000 Capital 7000 Adjustments: 1. Inventory supplies on hand is 500 2. Insurance paid is for one year 600, 3. Depreciation on the equipment is 10% per year. Instruction, write Adjusting entries

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