1. Why is an adjusting entry needed for supplies? What accounts are affected?
  2. Why is an adjusting entry needed for wages? What accounts are affected?
  3. Why is an adjusting entry needed for insurance? What accounts are affected?

DAY 3

LO1–PREPARE END OF PERIOD ADJUSTMENTS–WATCH THIS VIDEO FIRST

  1. Please SHOW ME EACH ONE BEFORE YOU PROCEED TO THE NEXT ONE:
    1. In-Class Exercise: Complete Exercises E5-4A, E5-4B
    2. In-Class Exercise: Complete Exercises E5-5A, E5-5B