Answer:
rent expense 7,980 debit
prepaid rent 7,980 credit
supplies expense 2,400 debit
supplies 2,400 credit
depreication expense 650 debit
accumulated dep equipment 650 credit
advertizing expense 400 debit
prepadi advertizing 400 credit
Explanation:
95,760 for a complete year we divide by 12 to get the amount per month:
7,980 we will decrease the prepaid and delcare the expense
supplies 4,600 - 2,200 end of the month = 2,400 consumed /expense incurred
we decrease supplies and post the expense for the consumer amount
depreciation for the month:
31,200 / 4 = 7,800 per year / 12 = 650 per month
the adv will be the same procedure as rent: 4,800 / 12 = 400
