Prepare Adjusting Entries for the Following Transactions

question 6

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 $600 of office supplies during the period. At the end of the period $120 of supplies were on hand.
3. Prepaid rent had a $1,000 normal balance prior to adjustment. By year end $300 was unexpired.

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Definitions:

Selective Listening

Paying attention only to information that confirms one's preconceptions, ignoring or dismissing differing viewpoints.

Subconscious Mind

The part of the mind of which one is not fully aware but which influences one's actions and feelings.

Selective Listening

A listening technique where the listener focuses on certain parts of the conversation while ignoring others, often based on bias or preconception.

Nonverbal

Communication without the use of spoken language, including gestures, facial expressions, and body language.