ULAZ Assignment Joumalize the following adjustments in the joumal page below. Use explanations for the transactions and leave a space between each transaction These are eight (8) separate transactions. Do not assume that they relate to one another or are for the same company. Please do not include and Posting Reference (PR) number as there is no General Ledger or Chart of Accounts included. 1. The supplies asset account balance December 31st was $4,000. In the supply storeroom, it was determined through a count that only $2,750 of supplies were remaining. Make the adjusting entry for December 31st to reflect this. 2. An insurance policy bought on August 1st, 2014 for $6,000 was to last for four (4) years. What was the adjusting Tumal entry for May 31st, 2015? 3. Employees are paid $2.400 every two (2) weeks. Make the adjusting entry for June 30 if the last payday was June 23rd 4. On May 28th the Senior Accountant inform you that approximately 1% of all sales on account this month will hely not be collected on May 31st sales on count amounted to $15,647 (Stage 1) s. On December 31, the Accounting Manager decides that all uncollectable accounts should be written off and removed from the accounts receivable ger. Currently the value of these account is 51.750 (Stage 2) 6. Machinery purchased January 1st 2015 for $49.000 was expected to last for 40 years and would be worth $1.000 at that time. The company is using the straight-line method of amortization What is the entry for May 31st 20157 7. Office Equipment purchased to $30.000 Sanuary 1st, 2015 is amortized at the rate of 20% per year. The accumulated amortization up to this point was $500. What is the entry for February 28th, 2015? 8. A truck purchased for $20,000 has accumulated amortization of 58.000 on January 1st and is amortized at a rate of 10% What's the entry for 6 month period ending June 302 Journal VAAZ Asianment Journalize the following adjustments in the journal page below Une explanations for the transactions and leave a space between each transaction These are eight (8) separate transactions. Do not assume that they relate to one another or are for the same company. Please do not include and Posting Reference (PR) Numbers there is no General Ledger or Chart of Accounts included 1. The supples asset account balance December 31st was 54.000. In the supply storeroom. It was determined through a count that only $2,750 of supples were remaining. Make the adjusting entry for December 31st to reflect this 2. An insurance policy bought on August 18, 2014 for $6,000 was to last for four (4) years. What was the adjusting Sumal entry for May 31st 20187 3. Employees are paid $2,400 every two (2) weeks. Make the adjusting entry for June 30th the last payday was June 231d. On May 2011 the Senior Accountant informe you that approximately 1% of al sales on account this month will likely not be collected On May 31st sales on account amounted to $15.547. (Stage 1) s. On December 31, the Accounting Manager rides that all uncollectable accounts should be writen of and removed from the accounts receivable Lediger. Currently the value of these account is $1750 (Stage 2) 6. Machinery purchased January 1st, 2015 for $49.000 was expected to last for 40 years and would be worth $1.000 at that time. The company is using the straight-line method of amortization What is the entry for May 31, 2015? 1. Office Equipment purchased for $30.000 January 152015 is amortized at the rate of 20% per year. The accumulated amortization up to this point was $500. What is the entry for February 28, 2015 8. A truck purchased for 520.000 has accumulated amortion of 36.000 on Januwy fat and is morted at a rate of 10%. What's the entry for 6 month period ending Se30