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The fiscal year-end unadjusted trial balance for Lee Company is found on the trial balance tab

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The fiscal year-end unadjusted trial balance for Lee Company is found on the trial balance tab. Rent expense and salaries expense are equally divided between selling activities and general and administrative activities. Lee Company uses a perpetual inventory system. Descriptions of items that require adjusting entries on January 31, 2019, follow. a. Store supplies still available at fiscal year-end amount to $1,850. b. Expired insurance, an administrative expense, for the fiscal year is $1.440. c. Depreciation expense on store equipment, a selling expense, is $6,100 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $9,590 of inventory is still available at fiscal year-end Ask Requirement General Journal General Ledger Trial Balance Multiple Step IS Single Step Is Balance Sheet Ratios For transactions 1-4 prepare the required adjusting journal entries. For transactions 5-8, prepare the required closing entries. View transaction ist Journal entry worksheet 1 5 7 8 > Store supplies still available at fiscal year-end amount to $1,850
Requirement General Journal General Ledger Trial Balance Multiple Step IS Single Step IS Balance Sheet Ra For transactions 1-4 prepare the required adjusting journal entries. For transactions 5-8, prepare the requi View transaction list Journal entry worksheet