Question 4
12 pts
A) On August 1st, Cookie Dough Corporation had supplies of $3,900. A physical count of office supplies
revealed $1,500 on hand on December 31. Prepare the adjusting entry on December 31st. (Show your work)
B) A two-year life insurance policy was purchased on August 1 for $7,800. Prepare the adjusting entry on
December 31st. (Show your work)
C) Office equipment was purchased on August 1st and depreciates $6,000 per year. Prepare the adjusting
entry on December 31st. (Show your work)
D) On August 1st, Cookie Dough Corporation, received rent of $1,800 in advance. The amount of rent
received in advance that remains unearned on December 31st is $300. Prepare the adjusting entry on
December 31st. (Show your work)