Question

LO 4-1, 4-2, 4-6 54-8 Recording Typical Adjusting Journal Entries Isworski's Ski Store is completing the accounting process for its first year ended December 31, 2015. The transactions during 2015 have been journalized and posted. The following data are available to determine adjusting journal entries: 4 The unadjusted balance in Supplies was $850 at December 31, 2015. The unadjusted balance in Supplies Expense was $0 at December 31, 2015. A year-end count showed $100 of supplies on hand.

Answer 1

Account Jounual Endriee ($) Car. (±). Dor. Particuland Date 750 750 To Suflies Ac Bing exceds Atock üs boanalered to Ahorty) 150 Don To Sthondaye Ak 150 Note Don 3T00 lalages and Salorier Ala To gutatending wayes and 3700 A Salang amfeid one" brenlfexd to ° lunbalty Alc ie oulatunding ages Bud. Being wages t Saleny Ar) (Aite -3) Note Uneanned revenue To Rent revenue A/k Dar 2200 22002200 Being Reat receined ie a Montha your Curonent cre Mreconded 9teuenue in (Note - 3)

2000 2000 Defarciation Ak To Delierny egubment Ay Being Defanciction for HeConde.J" HeConde (jden_ Carerent year 150 Der Indwrance A/k To Bore faid inowramee Alc 150 Being Expense of Current your are Total expenses X 6 Month 24 Mouth Jo00 X 6 750 24 Mote-4 Accuned Seauice Srevenue Ar - Doy To Seavice revenne Are 750 750 Curment BRing Tume of you is Note -s 2)

NOTES $ 850 o Actual Sufflieg Shentage $ loo 150 Cand 1e canded whethee it is bäid Curorent Salang cure ber Accurel Coucelt of accauling not, 3 As ben Acumad Comcelat the Curorent pon Heuenue receined not whethen Grecorded it is Rauement grent $ 1100 ben month ! Cummrent sreat yeur lat Now 2015 to 31 Dec 2015) i 2x 1100 ১৯০০ Advemce reat = 4 month X 1loo $4400 %3D

expense nout Curnent yeer 4) Ao been Accoral Concelt geierded * whethen are -$3000 on 24 manta Advance gesce In ounamce $3000 X 6 Monty 24Monty Curoncnt yeur | Jaly rdots to 3r Der 205 inswiance $750 $ 600 + $75o Total insur ance $1.350 Accunal Concelt , Renenne whethen' it Bs is 5 Ao besa nat is suecored cupment Curnent received your oy not yeur 14