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The Wheel Thing was started on March 1 of the current year to provide automotive wheel alignment and balancing at three locations in a metropolitan
The Wheel Thing was started on March of the current year to provide automotive wheel alignment and balancing at three locations in a metropolitan area. On March the unadjusted balances of the firm's accounts are as follows:
$
$
The following information is also available:
The balance in Prepaid Rent was the amount paid on March to cover the first two months' rent.
Supplies on hand on March amounted to $
Depreciation on equipment for March was estimated at $
Unpaid wages for March were $ at the end of the month.
Utility services used during March were estimated at $ A bill is expected early in April.
Required: In general journal form, make the adjusting entries needed at March one month worth of adjustment
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