Depreciation on equipment is $800 for the accounting period. 2. There was no beginning balance of supplies and $768 of supplies were purchased during the period. At the end of the period $108 of supplies were on hand. 3. Prepaid rent had a $1,180 normal balance prior to adjustment. By year end $246 was unexpired. Prepare adjusting entries for the above transactions.
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Home » Business » Depreciation on equipment is $800 for the accounting period. 2. There was no beginning balance of supplies and $768 of supplies were purchased during the period. At the end of the period $108 of supplies were on hand. 3.