Homework Answers
Answer -
Step - (1) - Adjusting entry at December 31 -
| Date | Account Titles and Explanation | Debit ($) | Credit ($) |
| Dec. 31 |
Supplies Expense [$8790 - $2110] Supplies |
6680 - |
- 6680 |
.
Step - (2) - Posting the adjusting entry in T-accounts -
| Supplies | |||
| Op. Bal. | $8790 | 12/31 | $6680 |
| . | . | ||
| 12/31 Bal. | $2110 | - | - |
.
| Supplies Expense | |||
| 12/31 | $6680 | - | - |
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Prepare the adjusting entry at December 31. (Credit
account titles are automatically indented when the amount is
entered. Do not indent manually. If no entry is required, select
"No Entry" for the account titles and enter 0 for the
amounts.)
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Account Titles and Explanation
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Credit
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Prepare the adjusting entry at December 31. (Credit
account titles are automatically indented when the amount is
entered. Do not indent manually. If no entry is required, select
"No Entry" for the account titles and enter 0 for the
amounts.)
Date
Account Titles and Explanation
Debit
Credit
Dec. 31
enter an account title for the journal...
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Oriole Company’s trial balance at December 31 shows Supplies
$8,740 and Supplies Expense $0. On December 31, there are $2,160 of
supplies on hand.
Prepare the adjusting entry at December 31. (Credit
account titles are automatically indented when the amount is
entered. Do not indent manually. If no entry is required, select
"No Entry" for the account titles and enter 0 for the
amounts.)
Date
Account Titles and Explanation
Debit
Credit
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enter an account title for the journal...
Cheyenne Corp's trial balance at December 31 shows Supplies $6,300 and Supplies Expense $0.On December 31, there are $2,600 of supplies on hand. Prepare the adjusting entry at December 31, and using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles Debit Credit Dec. 31 Supplies Expense C 3700 3700 Supplies 3700...
Sunland Company’s trial balance at December 31 shows Supplies
$8,720 and Supplies Expense $0. On December 31, there are $2,180 of
supplies on hand.
Prepare the adjusting entry at December 31. (Credit
account titles are automatically indented when the amount is
entered. Do not indent manually. If no entry is required, select
"No Entry" for the account titles and enter 0 for the
amounts.)
Date
Account Titles and Explanation
Debit
Credit
Dec. 31
enter an account title for the journal...
Wow Advertising Company's trial balance at December 31 shows Supplies £6,380 and Supplies Expense £0. On December 31, there are E2,839 of supplies on hand. Prepare the adjusting entry at December 31 and, using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Tities and Explanation Dec. 31 Supplies Supplies Expense
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Current Attempt in Progress Crane Company's trial balance at December 31 shows Supplies $8,840 and Supplies Expense $0.On December 31, there are $2,060 of supplies on hand. Your answer is partially correct. Prepare the adjusting entry at December 31. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31...
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