2 Saved Help Save ed a. Depreciation on the company's equipment for the year is computed to be $18,000. b. The Prepaid Insurance account had a $6,000 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of the company's insurance policies showed that $1,100 of unexpired insurance coverage remains. c. The Supplies account had a $700 debit balance at the beginning of the year, and $3,480 of supplies were purchased during the year. The December 31 physical count showed $300 of supplies available. d. Two-thirds of the work related to $15,000 of cash received in advance was performed this period. e. The Prepaid Rent account had a $6,800 debit balance at December 31 before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $5,800 of prepaid rent had expired. f. Wage expenses of $3,200 have been incurred but are not paid as of December 31. Prepare adjusting journal entries for the year ended December 31 for each separate situation. View transaction list Journal entry worksheet < 1 2 3 4 5 6 inces Depreciation on the company's equipment for the year is computed to be eBook Hint Print ferences Journal entry worksheet 1 2 3 4 5 6 Depreciation on the company's equipment for the year is computed to be $18,000. Note: Enter debits before credits. Transaction General Journal Debit Credit View general journal Record entry Clear entry Skipped View transaction list eBook Hint Print References Journal entry worksheet 1 & 3 4 5 6 The Prepaid Insurance account had a $6,000 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of the company's insurance policies showed that $1,100 of unexpired insurance coverage remains. Note: Enter debits before credits.. Transaction b. General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet eBook < 1 2 Hint Print References 4 5 6 The Supplies account had a $700 debit balance at the beginning of the year, and $3,480 of supplies were purchased during the year. The December 31 physical count showed $300 of supplies available. Note: Enter debits before credits. Transaction C. General Journal Debit Credit View general journal Record entry Clear entry eBook. Hint Print References view transaction IT Journal entry worksheet < 1 2 3 5 6 Two-thirds of the work related to $15,000 of cash received in advance was performed this period. Note: Enter debits before credits. Transaction d. General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet eBook < 1 2 3 4 Hint 6 The Prepaid Rent account had a $6,800 debit balance at December 31 before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $5,800 of prepaid rent had expired. Print Note: Enter debits before credits. Transaction General Journal References Debit Credit Record entry Clear entry View general journal Skipped View transaction list Journal entry worksheet eBook < 1 2 3 4 5 6 Wage expenses of $3,200 have been incurred but are not paid as of December Hint 31. Print References Note: Enter debits before credits. Transaction f General Journal Debit Credit: Record entry Clear entry View general journal eBook Hint Print References E 1 Depreciation on the company's equipment for the year is computed to be $18,000. 2 The Prepaid Insurance account had a $6,000 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of the company's insurance policies showed that $1,100 of unexpired insurance coverage remains. 3 The Supplies account had a $700 debit balance at the beginning of the year, and $3,480 of supplies were purchased during the year. The December 31 physical count showed $300 of supplies available. 4 Two-thirds of the work related to $15,000 of cash received in advance was nerformed this nerind journal entry has been entered December Credit Note: Record entry Clear entry View general journal Skipper View transaction list eBook Hint Print References 3 The Supplies account had a $700 debit balance at the beginning of the year, and $3,480 of supplies were purchased during the year. The December 31 physical count showed $300 of supplies available. 4 Two-thirds of the work related to $15,000 of cash received in advance was performed this period. 5 The Prepaid Rent account had a $6,800 debit balance at December 31 before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $5,800 of prepaid rent had expired. 6 Wage expenses of $3,200 have been incurred but are not paid as of December 31. Note: journal entry has been entered December Credit