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Accounting

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Tunstall, Incorporated, a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31 : Data not yet recorded at December 31 included a. The supplies count on December 31 reflected $230 in remaining supplies on hand to be used in the next year. b. Insurance expired during the current year, $750 c. Depreciation expense for the current year, $3,800 d. Wages earned by employees not yet paid on December 31,$560. e. Three months of interest expense (for the note payable bocrowed on October 1 of the current year) was incurred in the current year. f. Income tax expense, $4,880 Required: 1. Prepare the adjusting entry needed at December 31 . Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entrv worksheet Journal entry worksheet 6 Record the cost of supplies used during the year. Prepare the adjusting entry needed at December 31. Note: Enter debits before credits. Journal entry worksheet 6 Record the insurance expired during the current year, $750. Prepare the adjusting entry needed at December 31 . Note: Enter debits before credits: Journal entry worksheet Record depreciation expense, $3,800. Prepare the adjusting entry needed at December 31 . Note: Enter debits before credits: Journal entry worksheet Record the wages earned but not yet paid, $560. Prepare the adjusting entry needed at December 31. Note: Enter debits before credits. Journal entry worksheet Record the interest on note payable borrowed on October 1. Prepare the adjusting entry needed at December 31 . Note: Enter debits before credits. Journal entry worksheet Record income tax expense, $4,880. Prepare the adjusting entry needed at December 31 . Note: Enter debits before credits

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