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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 $1,900 of unexpired insurance coverage remains. c. The Supplies account had a $380 debit balance at the beginning of the year, and $2,680 of supplies were purchased during the yeat The December 31 physical count showed $448 of supplies ovailable. d. One-fourth of the work related to $11,000 of cash received in advance was performed this period. e. The Prepaid Rent account had a $6,000 debit balance at December 31 before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $4,100 of prepoid rent had expired. f. Wage expenses of $3,000 have been incurred but are not paid as of December 31 . Depreciation on the company's equipment for the year is computed to be $14,000. Note: Enter debits before credits. Journal entry worksheet 6 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 $1,900 of unexpired insurance coverage remains. Note: Enter debits before credits. Journal entry worksheet 12 6 The Supplies account had a $380 debit balance at the beginning of the year, and $2,680 of supplies were purchased during the year. The December 31 physical count showed $448 of supplies available. Note: Enter debits before credits. Journal entry worksheet One-fourth of the work related to $11,000 of cash received in advance was performed this period. Note: Enter debits before credits. Journal entry worksheet 12 The Prepaid Rent account had a $6,000 debit balance at December 31 before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $4,100 of prepaid rent had expired. Note: Enter debits before credits. Journal entry worksheet Wage expenses of $3,000 have been incurred but are not paid as of December 31. Note: Enter debits before credits

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