7. Prepare the required adjusting journal entries for the month- end based upon the information...
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7. Prepare the required adjusting journal entries for the month- end based upon the information provided to you in the FAP I Final Project Information' file Suggested steps are as follows: a. Use the information provided here to determine your required adjusting journal entries. Make sure to properly date and label your adjusting journal entry (i.e., A, B, C, etc.). Start with the account to be debited first, then the account to be credited is written in next. Provide a description for each of your adjusting journal entries. A. Expired Insurance B. Ending Store Supplies inventory C. Ending Office Supplies inventory D. Depreciation of Store Equipment E. Depreciation of Office Equipment F. Physical count of Merchandise Inventory $1,125 $794 $46 $580 $795 $172,396 7. Prepare the required adjusting journal entries for the month- end based upon the information provided to you in the FAP I Final Project Information' file Suggested steps are as follows: a. Use the information provided here to determine your required adjusting journal entries. Make sure to properly date and label your adjusting journal entry (i.e., A, B, C, etc.). Start with the account to be debited first, then the account to be credited is written in next. Provide a description for each of your adjusting journal entries. A. Expired Insurance B. Ending Store Supplies inventory C. Ending Office Supplies inventory D. Depreciation of Store Equipment E. Depreciation of Office Equipment F. Physical count of Merchandise Inventory $1,125 $794 $46 $580 $795 $172,396
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