1. The physical inventory shows $90,500. 2. The supplies expenses for the year a

Question

1. The physical inventory shows $90,500.
2. The supplies expenses for the year are $10,200
3. The expired insurance is $1,140
4. Provide depreciation to delivery equipment, store equipment, and office equipment at 10% under the straight line method.

Prepare a ten-column worksheet after making the indicated adjustments in the following Trial Balance:Adjustments: Prepare a ten-column worksheet after making the indicated adjustments in the following Trial Balance:Adjustments: 1. The physical inventory shows $90,500. 2. The supplies expenses for the year are $10,200 3. The expired insurance is $1,140 4. Provide depreciation to delivery equipment, store equipment, and office equipment at 10% under the straight line method.

Explanation / Answer

It seems that you are missing part of your question: 4. Provide depreciation to delivery equipment, st...

1.

Cost of merchandise sold (Dr.) 1475 (91975-90500)
Merchandise inventory (Cr.) 1475

2.

Suuplies expense (Dr.) 10200
Supplies (Cr.) 10200

3.

Insurance expense (Dr.) 1140
Prepaid insurance (Cr.) 1140

4.

Depreciation expense - delivery equipment (Dr.) ??
Accumulated depreciation - delivery equipment (Cr.) ??

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.