Prepare Adjusting Entries for the Following Transactions

question 280

Essay

Prepare adjusting entries for the following transactions. Omit explanations.
1. Depreciation on equipment is €800 for the accounting period.
2. There was no beginning balance of supplies and purchased €700 of office supplies during the period. At the end of the period €100 of supplies were on hand.
3. Prepaid rent had a €1,000 normal balance prior to adjustment. By year end €800 was unexpired.

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Definitions:

Impact Statement

A written or oral statement made to convey the effects or consequences of an action or event, often from a personal perspective.

PTSD Treatments

Therapeutic interventions aimed at relieving symptoms of Post-Traumatic Stress Disorder, including cognitive-behavioral therapy, exposure therapy, and medication.

EMDR

Eye Movement Desensitization and Reprocessing, a psychotherapy treatment designed to alleviate the distress associated with traumatic memories.