record adjusting enteries ADJUSTING ENTRIES Export to Excel or print the Trial B

Question

record adjusting enteries

ADJUSTING ENTRIES Export to Excel or print the Trial Balance report for Tomaso's Mowers & More at March 31, 2021. Make adjusting entries for Tomaso's Mowers & More at March 31, 2021, using the following information. ADJ1: A count of supplies revealed $350 of supplies on hand. - - ADJ2: March depreciation expense for store fixtures was $35. ADJ3: Interest expense and interest payable at March 31, 2021, on Notes Payable was $15. Add Account No. 21000, Interest Payable.

Explanation / Answer

General Journal Debit Credit Adj1 Supplies on hand $        350 Supplies expenses $        350 (Supplies on hand reduced from expenses) Adj2 Depreciation Expenses $          35 Accumulated depreciation $          35 (March depreciation expenses booked) Adj3 Interest Expneses $          15 Interest Payable (Account no. 21000) $          15 (Interest expenses booked)

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