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  3. 1. prepare adjusting entries for the following tra

1. Prepare adjusting entries for the following transactions. (Credit account titles are automatically Indented when...

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Accounting

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1. Prepare adjusting entries for the following transactions. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Depreciation on equipment is $900 for the accounting period. 2. There was no beginning balance of supplies and purchased $500 of supplies during the period. At the end of the period $150 of supplies were on hand. Prepaid rent had a $1,000 normal balance prior to adjustment. By year end $400 was unexpired. 3. No. Account Titles and Explanation Debit Credit 2. 3

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