Below are eight adjusting entries that need to be made at the end of the month. Provide
accurate journal entries for each of these adjustments.
# Adjustment
The salaries and wage Expense of for the month needs to be recognized
The interest expense for the month needs to be recognized
The supplies expense for the month needs to be recognized. A physical
inspection determines that supplies on hand on November are
The insurance expense for the month needs to be recognized
The depreciation expense for the refrigerators for the month needs to be
recognized
The depreciation expense for the IT system for the month needs to be
recognized
The bad debt expense for the period needs to be recognized. Spicemup BV
estimates that the amount of uncollectable accounts is
The fair value of the investments need to be updated. The fair value of the
portfolio at the closing of the market on November is
Make all the required closing entries to close the books at the end of the month.
Prepare the Income Statement for Spicemup BV for the month of November
Prepare the Statement of Financial Position for Spicemup BV per November
