0:00
Hello everyone.
00:01
So in this question, we need to pass adjustment entries for the transaction.
00:05
So for the first transaction, that is wages earned by the employees during december, unpaid and unrecorded at december, amounted to $2 ,800.
00:18
And the last payroll was december 28th.
00:20
The next payroll will be january 6th.
00:23
So the adjustment entry for this would be wages, expense, debit, $2 ,000.
00:37
Wages debit by 2 ,800 wages pay will credit by 2 ,800.
00:56
Next adjustment entry for next transaction is office supplies on one hand at january 1 of current year total to 470 and office supplies purchased and debited office supplies during the year amounted to 530.
01:15
The year is the year amounted to 530.
01:16
The year ended count showed 285 of office of supplies on hand so the adjustment entry for this would be office supplies expense debit now the amount for this we'll take out by 470 plus 530 minus the year counted showed a start 285 so it will come 700 15.
02:02
So it will get debited by 715 and office supplies account will get credited by 715.
02:21
Third adjustment entry for the third transaction would be for account receivables...