Supplies....$27,600Inventory....$248,400Equipment....$336,000Accumulated Amortization....

Question

Supplies....$27,600Inventory....$248,400Equipment....$336,000Accumulated Amortization. Equipment....$124,000Unearned Sales....$36,200
a) physical count of items showed $14,200 of supplies were on hand.b) an inventory count showed inventory on hand at Aug, 31. of $247,400c) the equipment is expected to last 5 years and to have no value at the end of this timed) unearned sales of $9,600 were earned by Aug, 31.
Adjust and record these as journal entires.

Robert · Accepted Answer

Supplies....$27,600 
Inventory....$248,400 
Equipment....$336,000 
Accumulated Amortization. Equipment....$124,000 
Unearned Sales....$36,200
a) physical count of items showed $14,200 of supplies were on hand. 
b) an inventory count showed inventory on hand at Aug, 31. of $247,

Supplies....$27,600Inventory....$248,400Equipment....$336,000Accumulated Amortization. Equipment....$124,000Unearned Sales....$36,200 a) physical count of items showed $14,200 of supplies were on...

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