The preparation of the required end-of-period adjusting entries for each independent case is as follows:
<h3>Adjusting Journal Entries:</h3>
Case 1; The Bramble Company:
December 31
Debit Supplies Expenses $6,972
Credit Supplies $6,972
Case 2; The Bridgeport Company:
December 31
Debit Depreciation Expenses $1,008
Credit Accumulated Depreciation $1,008 ($168 x 6)
Case 3; Marin Realty
December 31
Debit Rent Receivable $2,352
Credit Rent Revenue $2,352
<h3>What are adjusting journal entries?</h3>
Adjusting journal entries are entries made at the end of the accounting period to bring the accounts in line with the accrual concept and the matching principle of financial accounting.
These principles require that expenses are recognized when incurred and not when payment is made and that revenues are recognized when earned and not when cash is received.
<h3>Data Analysis:</h3>
Case 1; The Bramble Company:
December 31 Supplies Expenses $6,972 Supplies $6,972
Case 2; The Bridgeport Company:
December 31 Depreciation Expenses $1,008 Accumulated Depreciation $1,008 ($168 x 6)
Case 3; Marin Realty
December 31 Rent Receivable $2,352 Rent Revenue $2,352
Learn more about adjusting entries at brainly.com/question/13933471
