Karl Marx observed that workers produce virtually everything but get only a small portion of reward for it while the owners do l
1 answer:
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Answer and Explanation:
The adjusting entries are shown below"
A. Supplies Expense $1,000 ($7,500 - $6,500)
To Supplies $1,000
(Being the Supplies Expense is adjusted)
B. Insurance Expense $18,000 ($24,000 - $6,000)
To Prepaid Insurance $18,000
(Being Insurance Expense is adjusted)
C. Unearned Service Revenue $1,800 ($3,000 - $1,200)
To Service Revenue $1,800
(Being Service Revenue is adjusted)
D. Salaries Expense $2,400
To Salaries Payable $2,400
(being Salaries Expense is adjusted)
E. Depreciation Expense $18,000
To Accumulated Depreciation- Property Plant and Equipment $18,000
(Being Depreciation Expense is adjusted)
