Depreciation on equipment

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Reference no: EM13839945

Prepare adjusting entries for the following transactions. Omit explanations.

1. Depreciation on equipment is $800 for the accounting period.

2.There was no beginning balance of supplies and purchased $600 of office supplies during the period. At the end of the period $120 of supplies were on hand.

3.Prepaid rent had a $1,000 normal balance prior to adjustment. By year end $300 was unexpired.

Reference no: EM13839945

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