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ages of $9,000 are earned by workers but not paid as of December 31. Depreciation on the company's equipment for the year is $11,320. The
- ages of $9,000 are earned by workers but not paid as of December 31.
- Depreciation on the company's equipment for the year is $11,320.
- The Office Supplies account had a $450 debit balance at the beginning of December. During December, $5,201 of office supplies are purchased. A physical count of supplies at December 31 shows $570 of supplies available.
- The Prepaid Insurance account had a $5,000 balance at the beginning of December. An analysis of insurance policies shows that $2,400 of unexpired insurance benefits remain at December 31.
- The company has earned (but not recorded) $850 of interest revenue for the year ended December 31. The interest payment will be received on 10 days after the year-end January 10.
- The company has a bank loan and has incurred (but not recorded) interest expense of $4,000 for the year ended December 31. The company will pay the interest five days after the year-end on January 5.
For each of the above separate cases, adjusting entries required of financial statements for the year ended (date of) December 31.
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