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3 years ago

Prepare the adjusting journal entries for the following transactions.

Business

1 answer:

Anuta_ua [19.1K]3 years ago

3 0

Answer: See attachment

Explanation:

The adjusting journal entries for the transactions has been attached. It should be noted that for (a), there was a debit of supplies expense by $400 which was calculated as:

= $500 - $100

= $400

For (d),the accounting revenue of $1000 was gotten as:

= 1/2 × $2000

= $1000

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