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Topic 4 - Assignment 3: Adjusting Entries Based on the data below, journalize each of the following adjustments 1) Beginning Balance of Supplies = $2100;
Topic 4 - Assignment 3: Adjusting Entries
Based on the data below, journalize each of the following adjustments
1) Beginning Balance of Supplies = $2100; Ending Balance of Supplies = $100
2) Beginning Balance of Prepaid Insurance = $2000; Ending Balance of Prepaid Insurance = $1600
3) Cost of Equipment = $9000; Depreciation Rate = 20%
4) Accrued Wages = $5400
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