Read the description of following adjustments that are required at the end of the accounting period for Anise's Repair Services. Record the necessary adjusting entries required at the end of January on page 2 of a general journal. Omit the descriptions.A. Prepaid rent for the year on January 1, 2019. Rent expired during the month of January 2019, $1,600. B. Purchased supplies for $4,000 on January 1, 2019. Inventory of supplies was $1,200 on January 31, 2019. C. Depreciation is computed using the straight-line method. Equipment purchased on January 1, 2019, for $3,000 has an estimated useful life of 5 years with no salvage value. D. Signed a 3-month contract for $450 of prepaid advertising on January 1, 2019.

What will be an ideal response?

GENERAL JOURNAL
PAGE 2
DATEDESCRIPTIONP.R.DEBITCREDIT
1/31Rent Expense?1,600?
?  Prepaid Rent??1,600
?????
1/31Supplies Expense?2,800?
?  Supplies??2,800
?????
1/31Depreciation Expense?50?
?  Accumulated Depreciation??50
?????
1/31Advertising Expense?150?
?  Prepaid Advertising??150

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