Adjusting enteries | Accounting homework help
PE 3-3A Adjustment for prepaid expense The supplies account had a beginning balance of $1,975 and was debited for $4,125 for supplies purchased during the year. Journalize the adjusting entry required at the end of the year, assuming the amount of supplies on hand is $1,850. PE 3-3B Adjustment for prepaid expenseThe prepaid insurance account had a beginning balance of $9,600 and was debited for […]