Show the adjusting entries that were made for supplies, prepaid insurance, salaries payable, and deferred revenue on December 31. Marsh dairy products has the following details for the month of November 30 and December 31 adjusted trial balances which include the following account information: November 30 | December 31 Debit Credit Debit Credit Supplies 1,550 3,050 Prepaid Insurance 6,200 4,650 Salaries Payable 10,100 15,100 Deferred Revenue 2,100 1,050 The following information also is known: a. No insurance payments are made in December.b. Purchases of supplies in December total 3,600. c. 10,100 is paid to employees during December for November salaries. d. On November 1, a tenant pays Marsh dairy products 3,150 in advance rent for the period November through January. Deferred Revenue is credited.

Show the adjusting entries that were made for supplies, prepaid insurance, salaries payable, and deferred revenue on December 31. Marsh dairy products has the following details for the month of November 30 and December 31 adjusted trial balances which include the following account information: November 30 | December 31 Debit Credit Debit Credit Supplies 1,550 3,050 Prepaid Insurance 6,200 4,650 Salaries Payable 10,100 15,100 Deferred Revenue 2,100 1,050 The following information also is known: a. No insurance payments are made in December.b. Purchases of supplies in December total 3,600. c. 10,100 is paid to employees during December for November salaries. d. On November 1, a tenant pays Marsh dairy products 3,150 in advance rent for the period November through January. Deferred Revenue is credited.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 5EB: Reviewing insurance policies revealed that a single policy was purchased on March 1, for one years...

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