Lake of fire company purchased supplies costing $7,000 and debited supplies for the full amount. at the end of the accounting period, a physical count of supplies revealed $1,900 still on hand. the appropriate adjusting journal entry to be made at the end of the period would ) will include a debit to ticket revenue and a credit to unearned ticket revenue for $80,000.b) is not required. no adjusting entries will be made until the end of the season in november. c) will include a debit to cash and a credit to ticket revenue for $60,000.d) will include a debit to unearned ticket revenue and a credit to ticket revenue for $90,000.

Mesa company produces wooden rocking chairs. the company has two production departments, cutting and assembly. the wood is cut and sanded in cutting and then transferred to assembly to be assembled and painted. from assembly, the chairs are transferred to finished goods inventory and then are sold.mesa has compiled the following information for the month of february: cutting department assemblydepartmentdirect materials $ 73,000 $ 13,000direct labor 73,000 108,000applied manufacturing overhead 159,000 171,000cost of goods completed and transferred out 233,000 255,000required: 1, 2, 3, & 4. prepare journal entries for the transactions in the cutting and assembly departments of mesa company. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)