4. Journalize the adjusting entries for the month and prepare the adjusted trial

Question

4. Journalize the adjusting entries for the month and prepare the adjusted trial balance. (Do not round intermediate calculations.) View transaction list X: Two-thirds(or $150) of one month's insurance coverage has expired. 2 At the end of the month, $600 of office supplies are still availablee 3 This month's depreciation on the computer equipment is $300 Credit Employees earned $350 of unpaid and unrecorded salaries as of month-end. 4 5 The company earned $1,750 of commissions that are not yet billed at month-end

Explanation / Answer

Dear Student Thank you for using Chegg Please find below the answer and please give thumbs up   Statementshowing Computations Paticulars Dr CR Insurance expense DR                      150.00 To Prepaid insurance                      150.00 Supplies expense Dr To Supplies (Beginning Supplies - 600) Depreciation expense DR                      300.00 To Accumulated depreciation                      300.00 Salaries expense Dr                      350.00 To Salaries payable                      350.00 Account receivable                  1,750.00 To Commission revenue                  1,750.00

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