Read the description of the following adjustments that are required at the end of the accounting period for Riley Furnit

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Read the description of the following adjustments that are required at the end of the accounting period for Riley Furniture Restoration, a new firm. Determine the account and amount to be debited and the account and amount to be credited. (Round your final answers to nearest whole dollar.) A. Purchased supplies for $2,100 on June 1, 20X1. Inventory of supplies was $850 on June 30, 20X1. Record the adjustment for the amount of the supplies used during the month of June 20X1. B. Signed a 4-month contract for $1,640 of prepaid advertising on June 1, 20X1. Record the adjustment for the amount of the advertising contract that expired during the month of June 20X1. C. Prepaid rent for one year on June 1, 20X1, in the amount of $12,000. Record the adjustment on June 30, 20X1. D. Depreciation is computed using the straight-line method. Equipment purchased on June 1, 20X1, for $37,440 has an estimated useful life of 8 years with no salvage value. Record the adjustment on June 30, 20X1. View transaction list Journal entry worksheet 2 3 Purchased supplies for $2,100 on June 1, 20X1. Inventory of supplies was $850 on June 30, 20X1. Record the adjustment for the amount of the supplies used during the month of June 20X1. Note: Enter debits before credits.

View transaction list Journal entry worksheet 2 3 4 1 Purchased supplies for $2,100 on June 1, 20X1. Inventory of supplies was $850 on June 30, 20X1. Record the adjustment for the amount of the supplies used during the month of June 20X1. Note: Enter debits before credits. Transaction A Record entry % 80 General Journal Clear entry 900 < Prev 220 Debit Credit View general journ 2 of 26

< 3 Signed a 4-month contract for $1,640 of prepaid advertising on June 1, 20X1. Record the adjustment for the amount of the advertising contract that expired during the month of June 20X1. Note: Enter debits before credits. Transaction B Record entry 4 General Journal Clear entry Debit Credit View general journal >

Journal entry worksheet < 1 2 FFW Prepaid rent for one year on June 1, 20X1, in the amount of $12,000. Record the adjustment on June 30, 20X1. Note: Enter debits before credits. Transaction с Record entry 4 General Journal: Clear entry Debit Credit View general journal

Journal entry worksheet < 1 2 3 Depreciation is computed using the straight-line method. Equipment purchased on June 1, 20X1, for $37,440 has an estimated useful life of 8 years with no salvage value. Record the adjustment on June 30, 20X1. Note: Enter debits before credits. Transaction D General Journal Clear ento Debit Credit View general journal