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The following information (items 1-8 below) includes information restated from the original entries from assignment 1 and additional information that may be necessary for recording

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image text in transcribed The following information (items 1-8 below) includes information restated from the original entries from assignment 1 and additional information that may be necessary for recording adjusting journal entries to ensure that Velocity's quarterly financial statements are properly stated. Velocity records adjusting journal entries at the end of each quarter. Requirement: 1) Use the worksheet provided on page 3 to record adjusting journal entries at 3/31/2023. Number your AJEs 1-8 to correspond with the numbering in the information above. 2) Show any calculations required for the amounts recorded in the AJEs in requirement 1 . Round calculations, if necessary, to the nearest dollar. 1. The Velocity Auto Co. is an auto parts retailer. The Unadjusted Trial Balance at 3/31/2023 was as fnllivirn

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