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all 6 journal entries Required information Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below.] a.
all 6 journal entries
Required information Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below.] a. Depreciation on the company's wind turbine equipment for the year is $5,000. b. The Prepaid Insurance account for the solar panels had a $2,000 debit balance at December 31 before adjusting for, the costs of any expired coverage. Analysis of prepaid insurance shows that $600 of unexpired insurance coverage. remains at year-end. c. The company recelved $3,000 cash in advance for sustainablity consulting work. As of December 31, one-third of the sustainability consulting work had been performed. d. As of December 31,$1,200 in wages expense for the organic produce workers has been incurred but not yet paid. e. As of December 31, the company has earned, but not yet recorded, $400 of interest revenue from investments in socially responsible bonds. The interest revenue is expected to be recelved on January 12. Exercise 3-13 (Static) Preparing adjusting entries LO P1, P2, P3, P4 For each of the above separate cases, prepare the required December 31 year-end adjusting entries Step by Step Solution
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