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-   -   Preparing adjusting entries (https://www.askmehelpdesk.com/showthread.php?t=740105)

  • Mar 20, 2013, 10:00 AM
    deaconwatson
    Preparing adjusting entries
    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.
  • Mar 20, 2013, 12:51 PM
    pready
    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.

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