Question 3 (11 points) The following is a partial unadjusted Trail Balance. Brav
ID: 2412236 • Letter: Q
Question
Question 3 (11 points)
The following is a partial unadjusted Trail Balance.
Bravo Unlimited
Unadjusted Trial Balance (partial)
3/31/16
Accounts
DEBIT
Cash $27,500
Prepaid Expenses 600
CREDIT
Accounts Payable $15,000
The Prepaid Expenses relate to the machine rent that Bravo pays in February for March. Use this information to prepare the Adjusting General Journal entry (without explanation) for March.
Question 4 (11 points)
The following is a partial unadjusted Trial Balance.
Bravo Unlimited
Unadjusted Trial Balance (partial)
2/29/16
Accounts
DEBIT
Cash $15,500
Supplies 12,400
CREDIT
Accounts
Payable $10,500
DEBIT
Supplies Expense 5,000
The Supplies account balance on February 1, 2016 was $1,400. During the month of February Bravo purchased $11,000 of supplies for use in its operations. On February 29, Bravo warehouse chief inventoried supplies and determine the value on hand was $1,500. Use this information to prepare the General Journal entry (without explanation) for the required end of the month adjustment.
Explanation / Answer
1 31-Mar Machine Rent Expense 600 Prepaid Expense 600 2 Feb-29 Supplies Expense 10900 =12400-1500 Supplies 10900
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