Answer:
Answer is on the chegg link i provided
Explanation:
https://www.chegg.com/homework-help/john-roberts-55-years-old-asked-accept-early-retirement-comp-chapter-6-problem-9p-solution-9780078025327-exc
Answer:
Explanation:
The adjusting entries are shown below:
1. Insurance expense A/c Dr $1,200
To Prepaid insurance A/c $1,200
(Being prepaid insurance is adjusted)
2. Supplies expense A/c Dr $6,200
To supplies A/c $6,200
(Being supplies adjusted)
The supplies at the end of the year is computed below:
= Supplies account balance + purchase of supplies - available supplies
= $5,000 + $2,000 - $800
= $6,200
Age: 15
oldest age: 16
siblings: 1