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6 part question Saved Exercise 3-3 Preparing adjusting entries LO P1 a. Depreciation on the company's equipment for 2017 is computed to be $17,000. b.

6 part question
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Saved Exercise 3-3 Preparing adjusting entries LO P1 a. Depreciation on the company's equipment for 2017 is computed to be $17,000. b. The Prepald Insurance account had a $7,000 debit balance at December 31, 2017, before adjusting for the costs of any expired coverage. An analysis of the company's insurance policles showed that $1,800 of unexptred insurance coverage remains c. The Office Supplies account had a $390 debit balance on December 31, 2016; and $2,680 of office supplies were purchased during the year. The December 31, 2017, physical count showed $460 of supplies avallable. d. One-fifth of the work related to $10,000 of cash received In advance was performed this perlod. e. The Prepaid Insurance account had a $5,200 debit balance at December 31, 2017, before adjusting for the costs of any expired coverage. An analysis of insurance policies showed that $3,400 of coverage had expired. f. Wage expenses of $4,000 have been Incurred but are not pald as of December 31, 2017 Prepare adjusting journal entries for the year ended (date of) December 31, 2017, for each of these separate situations View transaction list Journal entry worksheet 2 3 4 5 6 Depreciation on the company's equipment for 2017 is computed to be $17,000. Note: Enter debits before credits. Transaction General Journal Debit Credit Exercise 3-3 Preparing adjusting entries LO P1 a. Depreciation on the company's equipment for 2017 Is computed to be $17,000. b. The Prepald Insurance account had a $7,000 debit balance at December 31, 2017, before coverage. An analysis of the company's Insurance policles showed that $1,800 of unexpir c. The Office Supples account had a $390 debit balance on December 31, 2016, and $2,680 the year. The December 31, 2017, physical count showed $460 of supplies availlable d. One-fifth of the work related to $10,000 of cash received in advance was performed this p e. The Prepaid Insurance account had a $5,200 debit balance at December 31, 2017, before coverage. An analysis of Insurance policies showed that $3.400 of coverage had expired f. Wage expenses of $4,000 have been incurred but are not paid as of December 31, 2017 Prepare adjusting journal entries for the year ended (date of) December 31, 2017, for each of t View transaction list Journal entry worksheet

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