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Using the Transactions for Analysis provided below record all events, transactions, and adjustments for the month of January 2023 using the financial statement effects template
Using the Transactions for Analysis provided below record all events, transactions, and adjustments for the month of January 2023 using the financial statement effects template bellow. Please ignore beginning balances, except in cases where they are formally described in the list of events, transactions, and adjustments. This means you do not need to include beginning balances in your template even though the beginning balances exist.
END OF MONTH ADJUSTMENT INFORMATION A. The company records an adjustment for straight-line depreciation of the delivery van and warehouse building. B. The company records an adjustment for insurance. C. The company records an adjustment for interest on its note payable. D. The company records an adjustment for accruing $3,950 in employee salaries. E. The company performs a physical count and determines it has $80 of office supplies on hand. The company did not have supplies on hand at the beginning of the month. END OF MONTH ADJUSTMENT INFORMATION A. The company records an adjustment for straight-line depreciation of the delivery van and warehouse building. B. The company records an adjustment for insurance. C. The company records an adjustment for interest on its note payable. D. The company records an adjustment for accruing $3,950 in employee salaries. E. The company performs a physical count and determines it has $80 of office supplies on hand. The company did not have supplies on hand at the beginning of the month
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