All of the accounts have normal balances the following

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Reference no: EM13585356

Bob Company has the following balances on January 31, 2013.

Cash $800

Supplies 900

Prepaid Insurance 3,400

Equipment 10,000

Accumulated Depreciation - Equipment 1,000

Accounts Payable 1,800

Notes Payable 6,000

Bob, Capital 6,300

All of the accounts have normal balances. The following information for the month of January has not yet been recorded:

1. A count of supplies on January 31, 2013, indicates that supplies of $260 are on hand.

2. Insurance of $170 expired during the month of January.

3. Depreciation for the month of January was $500.

4. Utilities expense owed for the month of January was $400 but will not be paid until February.

Instructions: Prepare in journal form, without explanations, the end of month adjusting entries for the items listed for Bob Company.

Reference no: EM13585356

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