Financial Statement Worksheet: Jo's Bookkeeping Service's last (calendar) business year ended on December 31, 2021....
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Accounting
Financial Statement Worksheet: Jo's Bookkeeping Service's last (calendar) business year ended on December 31, 2021. Using the information below, complete the year-end adjusting entries. Adjusting entries requirea: 1. On December 31, 2021, the office supply inventory on hand was counted. The inventory was determined to have a cost value of $1,600. 2. $2,400 of salaries earned through Monday, December 31, 2021 would be paid on Friday, January 4, 2022 with the normal weekly payroll. 3. Depreciation for December 31,2021 was $4,200 4. A missing and unrecorded sales invoice dated December 27,2021 in the amount of $1,000 was found to have slipped under the copying machine by accident. It needs to be recorded now. Additional information: The owner made no capital contributions in 2021


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