2.   Use transaction analysis charts to analyze the following



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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