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View Full Version : Preparing adjusting entries


deaconwatson
Mar 20, 2013, 10:00 AM
a) One month's insurance has expired.

b) The remaining inventory of supplies is $475.

c) The estimated depreciation on equipment is $150.

d) The estimated income taxes are $795.

pready
Mar 20, 2013, 12:51 PM
What is your question? What you have listed is not enough info and these are just simple adjusting entries.

An adjusting entry will affect one balance sheet account and one income statement account.