Question 2 Marks 2 Prepare year end adjustments for the following transactions 5 1 2...
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Question 2 Marks 2 Prepare year end adjustments for the following transactions 5 1 2 3 4 The company has a $21.000 note receivable with an interest rate of 7%, interest is due on 1st of the month Interest expense in record Services totalling $22,100 had been performed but not yet billed by the end of the year The company owns equipment worth $105,000. It has a 10 year estimated useful life and no residual value Supplies on hand at the beginning of the year totalled S880, during the year an additional $350 worth of supplies was purchased. By year end, only $100 in supplies remained. Journal Entry # Accounts Description Debit Credit
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