19. Dec. 31 a. Depreciation of the mountain bikes purchased on July 8 was $1,190 and kayaks purchased on August 4 was $5,600. 20. Dec. 31 b. Record any necessary adjustment for the one-year insurance policy purchased on July 1. 21. Dec. 31 c. Prepare any necessary adjustment for the one-year rental agreement purchased on September 1. 22. Dec. 31 d. Record any necessary adjustment for the deferred revenue from July, all of the revenue was earned at the August 10 clinic. 23. Dec. 31 e. Of the $1,900 of office supplies purchased in July (Chapter 2 Homework), S300 remains. 24. Dec. 31 f. Interest expense on the $30,000 loan obtained from the city council on August 1 should be recorded. 25. Dec. 31 g. Of the $2,800 of racing supplies purchased on December 12, $200 remains. 26. Dec. 31 h. Suzie calculates that the company owes $14.000 in income taxes. NOTE: Use Good Journal Form to receive credit. Good form is debit(s) first, followed by credits, then one blank line. First one is done for you as an example Date Account Debit Credit R E NI A 19. L SE 20. 21. 22. 23. 19. Dec. 31 a. Depreciation of the mountain bikes purchased on July 8 was $1,190 and kayaks purchased on August 4 was $5,600. 20. Dec. 31 b. Record any necessary adjustment for the one-year insurance policy purchased on July 1. 21. Dec. 31 c. Prepare any necessary adjustment for the one-year rental agreement purchased on September 1. 22. Dec. 31 d. Record any necessary adjustment for the deferred revenue from July, all of the revenue was earned at the August 10 clinic. 23. Dec. 31 e. Of the $1,900 of office supplies purchased in July (Chapter 2 Homework), S300 remains. 24. Dec. 31 f. Interest expense on the $30,000 loan obtained from the city council on August 1 should be recorded. 25. Dec. 31 g. Of the $2,800 of racing supplies purchased on December 12, $200 remains. 26. Dec. 31 h. Suzie calculates that the company owes $14.000 in income taxes. NOTE: Use Good Journal Form to receive credit. Good form is debit(s) first, followed by credits, then one blank line. First one is done for you as an example Date Account Debit Credit R E NI A 19. L SE 20. 21. 22. 23