Problem Solving Questions Flint Hills, Inc. has prepared a year-end 2021 trial balance. Certain...
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Problem Solving Questions Flint Hills, Inc. has prepared a yearend trial balance. Certain accounts in the trial balance do not reflect all activities that have occurred. Required: Prepare adjusting journal entries, as needed, for the following items. The Supplies account shows a balance of $ but a count of supplies reveals only $ on hand. Flint Hills initially records the payments of all insurance premiums as expenses. The trial balance shows a balance of $ in Insurance expense. A review of insurance policies reveals that $ of insurance is unexpired. Flint Hills employees work Monday through Friday, and salaries of $ per week are paid each Friday. Flint Hills' yearend falls on Tuesday. On December Flint Hills received a utility bill for December electricity usage of $ that will be paid in early January of 
Problem Solving Questions
Flint Hills, Inc. has prepared a yearend trial balance. Certain accounts in the trial
balance do not reflect all activities that have occurred.
Required:
Prepare adjusting journal entries, as needed, for the following items.
The Supplies account shows a balance of $ but a count of supplies reveals only $
on hand.
Flint Hills initially records the payments of all insurance premiums as expenses. The trial
balance shows a balance of $ in Insurance expense. A review of insurance policies
reveals that $ of insurance is unexpired.
Flint Hills employees work Monday through Friday, and salaries of $ per week are
paid each Friday. Flint Hills' yearend falls on Tuesday.
On December Flint Hills received a utility bill for December electricity usage
of $ that will be paid in early January of
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