Prepare adjusting entries for the following transactions, Omit explanations. (If no entry is required, select "No Entry for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not in entries before credit entries.) 1 Depreciation on equipment is $2.650. Interest incurred and owed on a loan but not paid or recorded is $840. There was a beginning balance of supplies of $610 and the company purchased $920 of office supplies during the period. At the end of the year $400 of supplies were on hand. 4. Prepaid rent had a $6.100 normal balance prior to adjustment. By year end $2.300 had expired. Accrued salaries at year end were $2,700. 2. 3. 5. 1 N 2. Account Titles and Explanation Do not indent manually. List all debit Debit Credit

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Prepare adjusting entries for the following transactions, Omit explanations. (If no entry is required, select "No Entry" for the account titles
and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit
entries before credit entries.)
1
2.
3.
4.
5.
N
2.
Depreciation on equipment is $2.650.
Interest incurred and owed on a loan but not paid or recorded is $840.
There was a beginning balance of supplies of $610 and the company purchased $920 of office supplies during the period. At
the end of the year $400 of supplies were on hand
Prepaid rent had a $6.100 normal balance prior to adjustment. By year end $2,300 had expired.
Accrued salaries at year end were $2,700.
Account Titles and Explanation
Debit
Credit
Transcribed Image Text:Prepare adjusting entries for the following transactions, Omit explanations. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) 1 2. 3. 4. 5. N 2. Depreciation on equipment is $2.650. Interest incurred and owed on a loan but not paid or recorded is $840. There was a beginning balance of supplies of $610 and the company purchased $920 of office supplies during the period. At the end of the year $400 of supplies were on hand Prepaid rent had a $6.100 normal balance prior to adjustment. By year end $2,300 had expired. Accrued salaries at year end were $2,700. Account Titles and Explanation Debit Credit
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