Place this transaction on the general ledger, a. Supplies used, $10,300 (supplies totaling $16,600 were purchased on December 1,2016, and debited…

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Place this transaction on the general ledger,

a. Supplies used, $10,300 (supplies totaling $16,600 were purchased on December 1,2016, and debited to the SUPPLIES account)

b. Expired insurance, $7,500 on December 1,2016, the firm paid $45,000 for six months’ insurance coverage in advance and debited Prepaid Insurance for this amount.

c. Depreciation expense for equipment , $5,100.

 

 
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