Question

Help Save & Exit Sut 7 Supplies Prepaid Insurance Salaries Payable Deferred Revenue November 30 Debit Credit $1,550 6,200 $10,100 2,100 01:01:33 The following information is known for the month of December: 1. Purchases of supplies during December total $3,600. Supplies on hand at the end of December equal $3,050. 2. No insurance payments are made in December. Insurance cost is $1,550 per month. 3. November salaries payable of $10,100 were paid to employees in December. Additional salaries for December owed at the end of 4. On November 1, a tenant paid the company $3,150 in advance rent for the period November through January, and Deferred Revenue was credited for the entire amount Required: Show the adjusting entries that were made for supplies, prepaid insurance, salaries payable, and deferred revenue on December 31 (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2. 3 4 > Record the adjusting entry for supplies on December 31. ME Grow < Prev 7 of 228 Next >

Answer 1

Date	Accounts and Explanation	Debit	Credit
1	Supplies Expense A/c	2100
	Supplies A/c		2100
2	Insurance Expense A/c	1550
	Prepaid Insurance A/c		1550
3	Salaries A/c	15100
	Salary Payable A/c		15100