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Debiting and crediting adjusting entries
Asked Jun 29, 2011, 08:17 AM
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Enter the following prepaid, inventory, and accrual adjustments in the adjustments columns of the worksheet: A) bad debt expense- $118 B) physical inventory: merchandise- $21,056 store supplies- 1,136 office supplies- 492 C) insurance expense: store- $753 office- 441 D) property tax expense: store- $1356 office- 486 E) depreciation expense: store equipment- $1,350 office equipment- 738 buildings- 8,122 F) payroll tax expense: store- $43 office- 42 G) payroll expense: store- $570 office- 319 What accounts should I debit and credit for each of these? |
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