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    deaconwatson's Avatar
    deaconwatson Posts: 1, Reputation: 1
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    #1

    Mar 20, 2013, 10:00 AM
    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.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    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.
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