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a. Depreciation on the company's equipment for the year is computed to be $17,000 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 $17,000 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 $720 of unexpired insurance coverage remains. c. The Office Supplies account had a $570 debit balance at the beginning of December, and $2,680 of office supplies were purchased in December. The December 31 physical count showed $673 of supplies available. d. One-fifth of the work related to $10,000 of cash received in advance was performed this period e. The Prepaid Rent account had a $5,100 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of rental policies showed that $4,380 of rental coverage had expired. 1. Wage expenses of $5,000 have been incurred but are not paid as of December 31. Journal entry worksheet Depreciation on the company's equipment for the year is computed to be $17,000. Note: Enter debits before credits Transaction General Journal Debit Credit a Record entry Clear entry View general Journal Journal entry worksheet The Office Supplies account had a $570 debit balance at the beginning of December; and $2,680 of office supplies were purchased in December. The December 31 physical count showed $673 of supplies available. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet One-fifth of the work related to $10,000 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 The Prepaid Rent account had a $5,100 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of rental policies showed that $4,380 of rental coverage had expired. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet

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