Accounting Basics : Preparation of the adjusting entriesassuming by ClassOf1

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									              Sub: Accounts                                                                 Topic: Accounting Basics



              Question:
              Preparation of journal entries for depreciation, unearned and accrued
              transactions.

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                    1. 5 (Adjusting Entries) The ledger of Duggan Rental Agency on March 31 of the current
                       year includes the following selected accounts before adjusting entries have been prepared.
                                                                          Debit                    Credit
                               Prepaid Insurance                         $ 3,600
                               Supplies                                     2,800
                               Equipment             
								
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