a. The beginning balance of Supplies was $5,200. During the year, the company purchased supplies costing $7,600, and at December 31, the inventory of supplies remaining on hand is $5,000. Record the supplies expense for the year. Journal Entry Date Accounts Debit Credit December 31 b. Each Friday, the company pays its employees for the current week's work. The amount of the payroll is $29.000 for a five-day workweek. The current accounting period ends on Wednesday. Record the accrual for salaries at December 31. (Record debits first, then credits. Enter explanations on the last line of the journal.) Journal Entry Date Accounts Debit Credit December 31 c. Lumber has received notes receivable from some clients for professional services. During the current year, Lumber has earned interest revenue of $2,200, which will be received next year. Record the interest revenue earned during the current year. Journal Entry Date Accounts Debit Credit December 31 d. The company is developing a wireless communication system for a large company, and the client paid Lumber $120,000 at the start of the project. Lumber recorded this amount as Unearned Consulting Revenue. The development will take several months to complete. Lumber executives estimate that the company has earned 30 percent of the total fee during the current year. Record the service revenue earned at December 31 Journal Entry Date Accounts Debit Credit December 31 e. Amortization for the current year includes the following: Office Furniture, 59,400, and Design Equipment, $34,000. Make a compound entry. (Hint: This means to show everything in one journal entry, not two.) Record the compound entry to record the amortization. Journal Entry Date Accounts Debit Credit December 31 f. Details of the prepaid insurance account reveal a beginning balance of $7,400. No adjustments were made during the year. Recall that the company pays a full year's insurance on Jan. 2. Record the insurance expense for the year ended December 31 Journal Entry Date Accounts Debit Credit December 31