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a . Depreciation on the company's equipment for the year is computed to be $ 1 1 , 0 0 0 . b . The

a. Depreciation on the company's equipment for the year is computed to be $11,000.
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 $1,750 of unexpired insurance coverage remains.
c. The Supplies account had a $370 debit balance at the beginning of the year, and $2,680 of supplies were purchased during the year. The December 31 physical count showed $437 of supplies available.
d. Two-thirds of the work related to $12,000 of cash received in advance was performed this period.
e. The Prepaid Rent account had a $5,400 debit balance at December 31 before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $3,650 of prepaid rent had expired.
f. Wage expenses of $4,000 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.
Journal entry worksheet
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