Prepare the Required End-Of-Period Adjusting Entries for Each Independent Case

Essay

Prepare the required end-of-period adjusting entries for each independent case listed below.
Case 1
Sleater-Kinney Company began the year with a $3000 balance in the Supplies account. During the year $8500 worth of additional supplies were purchased. A physical count of supplies on hand at the end of the year revealed that $7400 worth of supplies had been used during the year. No adjusting entry has been made until year end.
Case 2
Western Company has a calendar year-end accounting period. On July 1 the company purchased equipment for $30000. It is estimated that the equipment will depreciate $300 each month. No adjusting entry has been made until year end.
Case 3
Ranch Realty is in the business of renting several apartment buildings and prepares monthly financial statements. It has been determined that 3 tenants in $900 per month apartments and one tenant in the $1200 per month apartment had not paid their August rent as of August 31st.