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a. On July 1, 2021, a two-year insurance premium on equipment in the amount of 5660 was paid and debeed in tat so Fiedse Insurance

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a. On July 1, 2021, a two-year insurance premium on equipment in the amount of 5660 was paid and debeed in tat so Fiedse Insurance on that date. Coverage began on July 1 . indicated supplies costing $330 were still on hand. c. On December 31, 2021, Yr's Garage completed repairs on one of Brokeback's trudks at a cont of 5830 . The amourt an not wit recorded, it will be pald during January 2022. d. On December 31, 2021, the company completed a contract for an out of state company for $7,9e0 pajable by the ovatomer wichis 30 days. No cash has been collected and no journal entry has been made for this transiction. not been recorded. the loan is repaid on September 30, 2022. No interest has been recorded yet g. Assume the income after the preceding adjustments but before income taxes was $33,000. The companys federal hoome sar rate is 30%. Compute and record income tax expense. Required: Indicate the accounting gequation effects (amount and direction) of each adjusting journal entry frovide an approphine scosurt name for any revenue and expense effects. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus slgr)

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