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a. e. listed be a Record Depreciation on equipment for the period, $300 b Interest incurred on a loan, but not yet paid, $125, c d e Supplies of $500 were on hand at the beginning of the period. Purchases of supplies during the period totaled $750. At the end of the period, $75 in supplies remained Property insurance expired during the period, $100. Wages earned, but not yet paid at the end of the period, $345. Complete your work below using the format provided. You may want to use T-accounts to determine the adjustment needed DATE DESCRIPTION DE BIT CREDIT June 20XX Account xxX Account Description of Entry
Expert Answer
| Depreciation expense | 300 | |
| Accumulated depreciation-Equipment | 300 | |
| To record depreciation | ||
| Interest expense | 125 | |
| Interest payable | 125 | |
| To record interest incurred | ||
| Supplies expense | 1175 | |
| Supplies | 1175 | |
| To record supplies expense | ||
| Insurance expense | 100 | |
| Prepaid insurance | 100 | |
| To record insurance expired | ||
| Wages expense | 345 | |
| Wages payable | 345 | |
| To record wages earned |
