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Zavier Company must make three adjusting entries on December 31, 2016. a. Supplies used, $9,100; (supplies totaling $14,200 were purchased on December 1, 2016, and
Zavier Company must make three adjusting entries on December 31, 2016. a. Supplies used, $9,100; (supplies totaling $14,200 were purchased on December 1, 2016, and debited to the Supplies account). b. Expired insurance, 56,300 on December 1, 2016, the firm paid $37,800 for six months insurance coverage in advance and debited Prepaid Insurance for this amount. c. Depreciation expense for equipment, $3,900.TLES Prepare the journal entries for the above adjustments View transaction list Journal entry worksheet Prepare the adjusting entry for supplies. Journal entry worksheet 1 2 3 Prepare the adjusting entry for supplies. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2016 Record entry Clear entry View general journal Journal entry worksheet Prepare the adjusting entry for insurance. Note: Enter debits before credits. BELEIFETEREBEL General Journal Debit Credit Date Dec 31, 2016 Record entry Clear entry View general journal Journal entry worksheet
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