Read the description of following adjustments that are required at the end of the accounting period for Hubbard Repair S

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Read the description of following adjustments that are required at the end of the accounting period for Hubbard Repair Services, a new firm. Determine the account and amount to be debited and the account and amount to be credited. A. Purchased supplies for $4,700 on November 1, 20X1. Inventory of supplies was $1,320 on November 30, 20X1. Record the adjustment for the amount of the supplies that were used during the month of November 20X1. B. Signed a 4-month contract for $3,840 of prepaid advertising on November 1, 20X1. Record the adjustment for the amount of the advertising contract that expired during the month of November 20X1. C. Prepaid rent for the year on November 1, 20X1. Rent expired during the month of November 20X1 totaled $3,300. Record the adjustment on November 30, 20X1. D. Depreciation is computed using the straight-line method. Equipment purchased on November 1, 20X1, for $7,200 has an estimated useful life of 15 years with no salvage value. Record the adjustment on November 30, 20X1. View transaction list Journal entry worksheet < 1 2 3 4 Purchased supplies for $4,700 on November 1, 20X1. Inventory of supplies was $1,320 on November 30, 20X1. Record the adjustment for the amount of the supplies that were used during the month of November 20X1. Note: Enter debits before credits.

Journal entry worksheet < 3 Signed a 4-month contract for $3,840 of prepaid advertising on November 1, 20X1. Record the adjustment for the amount of the advertising contract that expired during the month of November 20X1. Note: Enter debits before credits. Transaction B Record entry General Journal Clear entry Debit Credit View general journal

< 2 Prepaid rent for the year on November 1, 20X1. Rent expired during the month of November 20X1 totaled $3,300. Record the adjustment on November 30, 20X1. Transaction C 進口 Note: Enter debits before credits. Record entry General Journal Clear entry Debit Credit View general journal

Depreciation is computed using the straight-line method. Equipment purchased on November 1, 20X1, for $7,200 has an estimated useful life of 15 years with no salvage value. Record the adjustment on November 30, 20X1. Note: Enter debits before credits. Transaction D Record entry General Journal Clear entry Debit Credit View general journal