Question

At November 30, the business gathers the following information for the adjusting entries: d. Determined that Office supplies on hand were worth $165 6. One month of rent has been used ($3,000 of prepaid rent was recorded on November 4 This was for three month's rent) c. Depreciation on the canoes was $100 per month d. $300 of unearned revenue has now been earned Journal addition to the accounts already established and included on the Trial Balance, accounts for Accumulated Depreciation-Canoes, Supplies Expense, and Depreciation Expense should be ize the adjusting entries that should be made as a result of the above information. In used. Date Accounts Debit Credit

Answer 1

Adjusting entries
Date	Accounts	Debit	Credit
a	Supplies expense	Unadjusted balance-165
	Supplies		Unadjusted balance-165
	(To record supplies expense)
b	Rent expense	$ 1,000.00
	Prepaid Rent		$ 1,000.00
	(To record rent expense)
c	Depreciation expense	$      100.00
	Accumulated depreciation-Canoes		$     100.00
	(To record depreciation expense)
d	Unearned revenue	$      300.00
	Revenue earned		$     300.00
	(To record revenue )

For amount in entry no a all you need to do is deduct $165 from the balance in supplies account. Supplies used during the year are recorded as expense.      Feel free to leave a comment in case of any query.