Use transaction analysis charts to analyze the following adjustments;
a. Depreciation on equipment, $1400
b. Rent expired, $900
3. From the following adjustment data, calculate the adjustment amount and record appropriate debits or credits:
a. Supplies purchased, $1,100.
Supplies on hand, $550.
b. Store equipment, $12,500.
Accumulated depreciation, store equipment, before adjustment, $500.
Depreciation expense, store equipment, $100.
4. From the following trial balance (Figure 4.19, page 132) and adjustment data, compplete a worksheet for J. Trent as of July 31, 201X:
a.. Depreciation expense, store equipment, $2.
b. Insurance expired $1.
c. Store supplies on hand, $8.
d. Wages owed, but not paid for (they are an expense in the old year), $2.
Slater, Jeffrey. (2019). College Accounting: A Practical Approach, 14th Ed. Upper Saddle River, NJ: Pearson/Prentice Hall.
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