need answers with explanation plz Q2. Each column below represents a Supplies account: 1....
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Accounting
need answers with explanation plz
Q2. Each column below represents a Supplies account: 1. Determine the amounts indicated by the question marks in the columns. 2. Make the adjusting entry for Column a, assuming supplies purchased are debited to an asset account. Q3. Prepare year-end adjusting entries for each of the following: 1. Office Supplies had a balance of $168 on January 1. Purchases debited to Office Supplies during the year amount to $830. A year-end inventory reveals supplies of $570 on hand. 2. Depreciation of office equipment is estimated to be $4,260 for the year. 3. Property taxes for six months, estimated at $1,750, have accrued but have not been recorded. 4. Unrecorded interest receivable on U.S. government bonds is $1,700. 5. Unearned Revenue has a balance of $1,800. Services for $600 received in advance have now been performed. 6. Services totaling $400 have been performed; the customer has not yet been billed
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