Waygandt, Financial & Managerial Accounting, 20 Help I Sy Y (c) Adjustment data:

Question

Waygandt, Financial & Managerial Accounting, 20 Help I Sy Y (c) Adjustment data: 1. 2. 3. Accrued salaries and wages payable $700. Depreciation $240 per month. Supplies on hand $1,700. Journalize adjusting entries. (Credit account titles are automatically Indented when amount is entered, Do not indent manually No. Date Account Titles and Explanation Debit Credit 1. 2. Post adjusting entries. (Post entries In the order of journal entries presented above.) 12/1 Bal 12/8 12/10 12/27 Cash 7,500 12/6 1,900 12/15 6,800 12/20 12,222 12/23 1,800 1,800 1,500 8,722

Explanation / Answer

Please hit LIKE button if this helped. For any further explanation, please put your query in comment, will get back to you. No Date Account Debit Credit 1. 12/31 Salaries and Wages Expense 700 Salaries and wages payable 700 2. 12/31 Depreciation Expense 240 Accumulated Depreciation 240 3. 12/31 Supplies Expenses 1700 Supplies 1700 Supplies 12/1 Bal 1400 12/31 1700 12/15 1800 12/31 Bal 15000 Accumulated Dep 12/1 Bal 2640 12/31 240 12/31 Bal 2880 Salaries and Wages Payable 12/6 1000 12/1 Bal 1000 12/31 700 12/31 Bal 700 Depreciation Expense 12/31 240 12/31 Income Summary 240 Salaries and wages Expense 12/6 800 12/31 Income Summary 3000 12/20 1500 12/31 700 Supplies Expense 12/31 1700 12/31 Income Summary 1700

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