Journalize the adjusting entries needed on December 31, the end of the current accounting period for Petra Industries using the following data:
A. The balance in Office Supplies before adjustment is $4,200. A physical count reveals $2,750 of supplies on hand at December 31.
B. A computer was purchased on January 1 for $12,000. The computer has a useful life of 3 years and is depreciated using the straight-line method.
C. A one-year insurance policy costing $5,400 was purchased on November 1.
D. Employee salaries are owed for 4 days of a regular 5 day work week. Weekly payroll is $13,600.
E. Unearned Maintenance Revenue has a balance of $21,000 before adjustment. Records show that $14,050 of that amount has been earned by December 31.

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The Answer of Journalize the adjusting entries needed on December 31, the end of the current accounting period for Petra Industries using the following data:
A. The balance in Office Supplies before adjustment is $4,200. A physical count reveals $2,750 of supplies on hand at December 31.
B. A computer was purchased on January 1 for $12,000. The computer has a useful life of 3 years and is depreciated using the straight-line method.
C. A one-year insurance policy costing $5,400 was purchased on November 1.
D. Employee salaries are owed for 4 days of a regular 5 day work week. Weekly payroll is $13,600.
E. Unearned Maintenance Revenue has a balance of $21,000 before adjustment. Records show that $14,050 of that amount has been earned by December 31.

Journalize the Adjusting Entries Needed on December 31, the End