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Required information Problem 3-8B Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following information aProblem 3-8B Part 5 5. Record adjusting entries. Depreciation for the year on the machinery is $4,800. Plumbing supplies remaProblem 3-8B Part 5 5. Record adjusting entries. Depreciation for the year on the machinery is $4,800. Plumbing supplies remaProblem 3-8B Part 5 5. Record adjusting entries. Depreciation for the year on the machinery is $4,800. Plumbing supplies remaProblem 3-8B Part 5 5. Record adjusting entries. Depreciation for the year on the machinery is $4,800. Plumbing supplies rema

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Answer #1

Adjusting entry

No general journal Debit Credit
1 Depreciation expense 4800
Accumulated depreciation-equipment 4800
2 Supplies expense (2700-1100) 1600
Supplies 1600
3 Deferred revenue 5400
Service revenue 5400
4 Utilities expense 7600
Account payable 7600
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