Chapter 4, Problem 2PB

The trial balance of The New Decors for the month ended September 30 is as follows:

Data for the adjustments are as follows:

1. a. Expired or used-up insurance, $425.
2. b. Depreciation expense on equipment, $2,750.
3. c. Wages accrued or earned since the last payday, $475 (owed and to be paid on the next payday).
4. d. Supplies remaining at end of month, $215.

Required

1. 1. Complete a work sheet. (Skip this step if using GL.)
2. 2. Journalize the adjusting entries.

*If you are using CLGL, use the year 2020 when recording transactions.