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a. Depreclation 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
a. Depreclation 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 explred coverage. An analysis of the company's Insurance policles showed that $1,030 of unexplred Insurance coverage remalns c. The Office Supplies account had a $530 debit balance on December 31, 2016: and $2680 of office suppli were purchased during the year. The December 31, 2017, physlcal count showed $625 of supplies avallabl d. One-fourth of the work related to $11,000 of cash recelved In advance was performed this perlod. e. The Prepald Insurance account had a $5,000 deblt balance at December 31, 2017, before adjusting for the costs of any explred coverage. An analysis of Insurance policies showed that $3,970 of coverage had explred. f. Wage expenses of $2000 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 ltuations. ew transaction lst Journal entry worksheet Depreciation on the company's equipment for 2017 is computed to be $17,000. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry Vew general journal
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