Essay
All of the accounts have normal balances. The following information below has been gathered at December 31, 2022.
1. Depreciation on the equipment for 2022 is $1,300.
2. New Slang Pest Control paid $2,220 for 12 months of insurance coverage on October 1, 2022.
3. New Slang Pest Control pays its employees total salaries of $11,000 every Monday for the preceding 5-day week (Monday-Friday). On Monday, December 27, 2022, employees were paid for the week ending December 24, 2022. All employees worked the five days ending December 31, 2022.
4. A count of supplies on December 31, 2022, indicates that supplies of $850 are on hand.
Instructions
Prepare in journal form with explanations, the annual adjusting entries for the four items listed for New Slang Pest Control.
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