All of the accounts have normal balances. The following information below has been gathered at December 31, 2022.
1. Depreciation on the equipment for 2022 is $1,300.
2. New Slang Pest Control paid $2,220 for 12 months of insurance coverage on October 1, 2022.
3. New Slang Pest Control pays its employees total salaries of $11,000 every Monday for the preceding 5-day week (Monday-Friday). On Monday, December 27, 2022, employees were paid for the week ending December 24, 2022. All employees worked the five days ending December 31, 2022.
4. A count of supplies on December 31, 2022, indicates that supplies of $850 are on hand.
Instructions
Prepare in journal form with explanations, the annual adjusting entries for the four items listed for New Slang Pest Control.

Question

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The Answer of All of the accounts have normal balances. The following information below has been gathered at December 31, 2022.
1. Depreciation on the equipment for 2022 is $1,300.
2. New Slang Pest Control paid $2,220 for 12 months of insurance coverage on October 1, 2022.
3. New Slang Pest Control pays its employees total salaries of $11,000 every Monday for the preceding 5-day week (Monday-Friday). On Monday, December 27, 2022, employees were paid for the week ending December 24, 2022. All employees worked the five days ending December 31, 2022.
4. A count of supplies on December 31, 2022, indicates that supplies of $850 are on hand.
Instructions
Prepare in journal form with explanations, the annual adjusting entries for the four items listed for New Slang Pest Control.

All of the Accounts Have Normal Balances