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Prepare the reversing journal entries for dembrow company

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Reference no: EM13893812

ADJUSTING AND REVERSING ENTRIES

Data for the end-of-year adjustments of Dembrow Company are shown below.

Factory overhead to be applied to work in process

ending inventory

$12,800

Interest receivable

920

Allowance for doubtful accounts

3,920

Office supplies consumed

1,350

Factory supplies consumed

4,250

Insurance expired on factory building and equipment

3,400

Depreciation-factory building

4,600

Depreciation-factory equipment

6,100

Interest payable

8,250

1. Prepare the end-of-year adjusting journal entries, as of December 31, 20-3, for Dembrow Company.

2. Prepare the reversing journal entries for Dembrow Company, as of January 2, 20-4.

Reference no: EM13893812

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