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a. During the month, the Supplies (asset) account was debited $3,600 for supplies purchased. The cost...


a. During the month, the Supplies (asset) account was debited $3,600 for supplies purchased. The cost of supplies used during
a. During the month, the Supplies (asset) account was debited $3,600 for supplies purchased. The cost of supplies used during the month was $2,800. Record the adjustment to properly reflect the amount of supplies used and supplies still on hand at the end of the month b. An insurance premium of $960 was paid for the coming year. Prepaid Insurance was debited. c. Wages of $6,400 were paid for the current month. d. Interest revenue of $500 was received for the current month. e. Accrued $1,400 of commissions payable to sales staff for the current month. f. Accrued $260 of interest expense at the end of the month. g. Received $4,200 on accounts receivable accrued at the end of the prior month. h. Purchased $1,200 of merchandise inventory from a supplier on account 1. Paid $320 of interest expense for the month. j. Accrued $1,600 of wages at the end of the current month. k. Paid $1,000 of accounts payable.
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