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Answer Must be correct. Do answer step by step. Must answer all part. If answer is correct I will give you 2 upvotes. Answer within
Answer Must be correct. Do answer step by step. Must answer all part. If answer is correct I will give you 2 upvotes. Answer within 20 minutes.
Other data: 1. Supplies on hand revealed at 31, December $300. 2. Prepaid insurance was paid on 1 July 2021 for 12 months. 3. Interest expense due on loan payable for last 4 months. Quarterly interest rate is 3%. 4. Salary expense per day $500, December 31 is Wednesday. Employees are paid on Monday for the preceding 5 days work week. 5. One third of the unearned service revenue has been earned. Requirements: a) Journalize the adjusting entries for the year ended 31, December 2021. [5] b) Complete the worksheet for the year ended 31, December 2021. [7] Other data: 1. Supplies on hand revealed at 31, December $300. 2. Prepaid insurance was paid on 1 July 2021 for 12 months. 3. Interest expense due on loan payable for last 4 months. Quarterly interest rate is 3%. 4. Salary expense per day $500, December 31 is Wednesday. Employees are paid on Monday for the preceding 5 days work week. 5. One third of the unearned service revenue has been earned. Requirements: a) Journalize the adjusting entries for the year ended 31, December 2021. [5] b) Complete the worksheet for the year ended 31, December 2021. [7]
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