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Use the following General Journal Template attached in order to recorded the adjusting entries for each one of the following transactions on March 31,
Use the following General Journal Template attached in order to recorded the adjusting entries for each one of the following transactions on March 31, 2022. (2 points each) a-At year end, unrecorded interest expense due to creditors was $4,000 (payable in the next year). b- Prepaid Insurance account began the year with a balance of $ 230. During the year, insurance in the amount of $ 570 was purchased. At the end of the year March 31st, 2022 the amount of insurance still unexpired was $ 350. c- The Supplies asset account began the year with a balance of $ 190. During the year, supplies in the amount of $ 490 were purchased. At the end of the year the inventory of supplies on hand was $ 220. d- The machines purchased this year at $220,000 used over the year depreciated by $ 2.000.
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