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a. Depreciation on the company's equipment for the year is computed to be $14,000. b. The Prepaid Insurance account had a $6,000 debit balance at

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a. Depreciation on the company's equipment for the year is computed to be $14,000. 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 $570 of unexpired insurance coverage remains c. The Office Supplies account had a $410 debit balance at the beginning of the year, and $2,680 of office supplies were purchased during the year. The December 31 physical count showed $484 of supplies available. d. Three-fourths of the work related to $13,000 of cash received in advance was performed this period. e. The Prepaid Rent account had a $5,000 debit balance at December 31 before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $4,430 of prepaid rent had expired. f. Wage expenses of $5,000 have been incurred but are not paid as of December 31. View transaction list X: . 1 Depreciation on the company's equipment for the year is computed to be $14,000. be 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 $570 of unexpired insurance coverage remains. Credit 3 The Office Supplies account had a $410 debit balance at the beginning of the year; and $2,680 of office supplies were purchased during the year. The December 31 physical count showed $484 of supplies available. 4 Three-fourths of the work related to $13,000 of cash received in advance was performed this period. 5 Gre The Prepaid Rent account had a $5,000 debit balance at December 31 before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $4,430 of prepaid rent had expired. 6 Wage expenses of $5,000 have been incurred but are not paid as of December 31. Accounts receivable Accumulated depreciation Equipment nputed to Cash Depreciation expense-Equipment Equipment Debit Insurance expense mputed Prepaid insurance Prepaid rent Rent expense Revenue Debit Supplies Supplies expense Unearned revenue bit Wages expense Wages payable

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