Job Description Cloud Bing Yahoo Googe ww.peds Facebook witr Unkedin The eatr Ch

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Job Description Cloud Bing Yahoo Googe ww.peds Facebook witr Unkedin The eatr Channel Ye Quiz Help Save& Flint Hills, Inc. has prepared a year-end 2018 trial balance. Certain accounts in the trial balance do not reflect all activities that have occurred 1. The Supplies account shows a balance of $740, but a count of supplies reveals only $310 on hand 2. Flint Hill Is initially records the payments of all insurance premiums as expenses. The trial balance shows a balance of $520 in Insurance expense. A review of insurance policies reveals that $175 of insurance is unexpired 3. Fint Hills employees work Monday through Friday, and salaries of $3.400 per week are paid each Friday Flint Hills' year-end falls 31, 2018, Flint Hills received a utility bill for December electricity usage of $290 that will be paid in early January of on Tuesday 4. On December 2019 Required: Prepare adjusting journal entries, as needed, for the above items. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field) View transaction list Journal entry worksheet Prev 1013 Next > 8 6 8 3

Explanation / Answer

Event General Journal Debit Credit 1 Supplies expense($740 - $310) $430 Supplies $430 2 Prepaid insurance $175 Insurance expense $175 3 Salaries expense(3,400 / 5) x 2 $1,360 Salaries payable $1,360 4 Utilities expense $290 Accounts payable $290

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