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Wstructions Chart of Accounts Journal Instructions The balance in the supplies account, before adjustment at the end of the year, is $5,420. The year end

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Wstructions Chart of Accounts Journal Instructions The balance in the supplies account, before adjustment at the end of the year, is $5,420. The year end is December 31, Journalize the December 31 adjusting entry required if the amount of supplies on hand at the end of the year is $1,515. Refer to the Chart of Accounts for exact wording of account titles. Chart of Accounts General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 13 Supplies EXPENSES 14 Prepaid Insurance 51 Advertising Expense 15 Land 52 Insurance Expense 16 Equipment 53 Rent Expense 17 Accumulated Depreciation-Equipment 54 Salary Expense 55 Supplies Expense LIABILITIES 56 Utilities Expense 21 Accounts Payable 57 Depreciation Expense 22 Unearned Fees 59 Miscellaneous Expense 23 Salaries Payable 24 Taxes Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends Journal Journalize the December 31 adjusting entry required if the amount of supplies on hand at the end of the year is $1,515. Refer to the Chart of Accounts for exact word account titles PAG JOURNAL ACCOUNTING EQUATION DATE POST. REF DEBIT CREDIT ASSETS LIABILITIES EQU DESCRIPTION Adjusting Entries 1 2 3

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