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3. 4. 0. 1. 2. Instructions: Prepare appropriate adjusting entries for the year ended December 31, 2015, by replacing the appropriate identification number(s) in the
3. 4. 0. 1. 2. Instructions: Prepare appropriate adjusting entries for the year ended December 31, 2015, by replacing the appropriate identification number(s) in the debit and credit columns provided and the dollar amount in the adjoining column. Item 0 is given as an example. 1. Accounts Receivable 2. 6. Notes Receivable Interest Receivable 3. 4. Supplies 5. Prepaid Insurance Equipment 7. 8. 9. 10. 11. 12. Accumulated Amortization Interest Payable Salaries Payable Notes Payable Unearned Service Revenue Interest Revenue Entry Information Interest of $800 is accrued on a note receivable at December 31, 2015. MartianFinder provided services to a customer in 2015 at a fee of $1,600. This fee has not yet been received or billed. A customer paid MartianFinder $19,000 on Dec. 1, 2015 for services to be rendered evenly from Dec. 1 through Mar. 31, 2016. The receipt was credited to a liability account. MartianFinder started the year with no supplies on hand. They purchased $18,000 in supplies during the year and have $6,500 on hand at December 31. Supplies were debited to an asset account when purchased. MartianFinder purchased equipment costing $80,000 on April 1st, 2015. Monthly amortization is $1,700. 13. 14. 15. 16. 17. 18. Service Revenue Salaries Expense Amortization Expense Interest Expense Supplies Expense Insurance Expense Account(s) Account(s) Dollar Debited Credited 3 12 Amount $800
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