Question

jenkins rentals company faced the following situations. view the situations. requirement 1. journalize the adjusting entry needed at december 31, 2023, for each situation. consider each fact separately. (record debits first, then credits. exclude explanations from any journal entries.) d. salary expense is $5,700 per day—monday through friday—and the business pays employees each friday. this year, december 31 falls on a thursday. accounts debit credit d. salary expense 22,800 salary payable 22,800 e. the unadjusted balance of the supplies account is $3,100. the total cost of supplies on hand is $1,200. accounts debit credit e.

Explanation:

Step1: Calculate supplies used

The supplies used is the unadjusted balance of supplies account minus the supplies on - hand. So, $3100 - 1200=1900$.

Step2: Record adjusting entry

We need to debit Supplies Expense (to recognize the expense of supplies used) and credit Supplies (to reduce the asset account to its correct balance).

Answer:

Accounts	Debit	Credit
Supplies		1900