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The following information relates to year-end adjusting entries as of December 31. 2021. a. Depreciation of the mountain bikes purchased on July 8 and kayaks
The following information relates to year-end adjusting entries as of December 31. 2021. a. Depreciation of the mountain bikes purchased on July 8 and kayaks purchased on August 4 totals $8,500 b. Six months of the one-year insurance pclicy purchased on July 1 has expired. c. Four months of the one-year rental agreement purchased on September 1 has expired d. Of the $2,000 of office supplies purchased on July 4, $280 remains. e. Interest expense on the $36,000 loan obtained from the city council on August 1 should be recorded f. Of the $2,500 of racing supplies purchased on December 12, $240 remains. g. Suzie calculates that the company owes $13,500 in income taxes. Great Adventures Problem AP3-1 Part 2 2 Record adjusting entries as of December 31, 2021. (If no entry Is required for a transaction/event, select "No journal entry required" in the first account fleld.) View transaction list Journal entry worksheet Of the $2,500 of racing supplies purchased on December 12, $240 remains, Note: Enter debits befpre credits Date General Journal Debit Credit Dec 31, 2021 o
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