Solution-Prepare the adjusting entries for the month of

Prepare the adjusting entries for the month of march

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Reference no: EM13550331

The ledger of Hammond, Inc., on March 31, 2008, includes the following selected accounts before adjusting entries.

	Debit	Credit
Prepaid Insurance	3,600
Office Supplies	2,800
Office Equipment	25,000
Accumulated Depreciation-Office Equipment		5,000
Unearned Revenue		9,200

An analysis of the accounts shows the following:

1. Insurance expires at the rate of $100 per month.

2. Supplies on hand total $800.

3. The office equipment depreciates $200 a month.

4. One-half of the unearned revenue was earned in March.

Prepare the adjusting entries for the month of March.

Reference no: EM13550331

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Prepare the adjusting entries for the month of march

Reference no: EM13550331

Reference no: EM13550331

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