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1. Depreciation on equipment is $800 for the accounting period. 2. There was no beginning...

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Accounting

1. Depreciation on equipment is $800 for the accounting period. 2. There was no beginning balance of supplies and $480 of supplies were purchased during the period. At the end of the period $96 of supplies were on hand. 3. Prepaid rent had a $800 normal balance prior to adjustment. By year end $240 was unexpired. Prepare adjusting entries for the above transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) No. Account Titles and Explanation 1. Debit Credit 2. 3

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