Question

How do i journalize these adjustments?

a. snow supplies on hand, 100

b. rent expired, 400

c. depreciation on office equipment, 200 (12000/5 yr = 2400/12 mo. = 200)

d. depreciation on snow equipment, 170 (10200/5 yr = 2040/12 mo. = 170)

e. accrued salaries, 150

Answer 1

Adjusting entries
Transaction	General Journal	Debit	Credit
a	Supplies expense	X-100
	Supplies		X-100
	(Supplies Consumed)
b	Rent Expense	$   400.00
	Prepaid Rent		$    400.00
	(Rent expense recorded)
c	Depreciation expense-office equipment	$   200.00
	Accumulated depreciation -Office equipment		$    200.00
	(To record Depreciation expense)
d	Depreciation expense-Snow equipment	$   170.00
	Accumulated depreciation -snow equipment		$    170.00
	(To record Depreciation expense)
e	Salaries expense	$   150.00
	Salaries payable		$    150.00
	(To record salaries expense)

Its not possible to ascertain supplies expense because you did not provide unadjusted balance of supplies. What you need to do is Deduct supplies in hand from supplies unadjusted balance and you will get supplies expense amount. All other entries are correct .

For example if supplies has a balance of $500 it means (500-100) $400 of supplies are to be recorded as expense because $400 supplies are used during period.

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