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  3. 2. below are eight adjusting entries that need to

2. Below are eight adjusting entries that need to be made at the end...

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Question

Accounting

2.
Below are eight adjusting entries that need to be made at the end of the month. Provide
accurate journal entries for each of these adjustments.
# Adjustment
1 The salaries and wage Expense of 4,200 for the month needs to be recognized
2 The interest expense for the month needs to be recognized
3 The supplies expense for the month needs to be recognized. A physical
inspection determines that supplies on hand on November 30 are 250.
4 The insurance expense for the month needs to be recognized
5 The depreciation expense for the refrigerators for the month needs to be
recognized
6 The depreciation expense for the IT system for the month needs to be
recognized
7 The bad debt expense for the period needs to be recognized. Spicemup BV
estimates that the amount of uncollectable accounts is 350.
8 The fair value of the investments need to be updated. The fair value of the
portfolio at the closing of the market on November 30 is 5,500.
3.
Make all the required closing entries to close the books at the end of the month.
4.
Prepare the Income Statement for Spicemup BV for the month of November 2023.
5.
Prepare the Statement of Financial Position for Spicemup BV per November 302023.
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