Question

Journalizing Adjusting Entries Journalize the following adjusting entries in the general journal below.

1. The supplies expense for the month is $700.
2. The insurance expense for the month is $650.
3. The depreciation expense for delivery equipment is $200.
4. At the end of the month $100 of wages is payable. If an amount box does not require an entry, leave it blank.

Answer 1

See below

Step-by-step explanation:

1. Supply expense. 700

Supplies inventory. 700

2. Insurance expense. 650

Prepaid insurance. 650

3. Depreciation expense. 200

Accumulated Depreciation. 200

4. Wages expense. 100

Wages payable. 100