E3-8 Adjustment For Supplies Total Supplies Less S

E3-8 Adjustment for suppliesTotal supplies less supplies at hand t the end of the year= supplies consumed in the year the adjustment is $4,000 less $1,750 = $2,250Supplies account balance t the end of the year plus supplies expense = total supplies purchased in the year $1,100 + $ 3,100 = $4,200E3-9 Adjustment for prepaid insurance The insurance expense is increased by $ 10,500 and the prepaid insurance account is reduced by $10,500The insurance expense is increased by $ 18,300 and prepaid insurance account is reduced by $ 18,300E3-10 Adjustment for unearned feesThe unearned fees account is reduced by $ 110,000 and the earned fees account is increased by $ 110,000E3-23 adjustment for depreciationThe depreciation account for equipment is increased by $133,000 and the accumulated depreciation account for equipment is increased by $ 133,000If the above adjustment is omitted depreciation expense in the income statement and the net fixed assets in the balance sheet would be erroneously stated