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aPrepare year-end adjustments as journal entries for the following situations. Cut and paste from the Charter of Accounts. Names must exactly match. Do not enter
aPrepare year-end adjustments as journal entries for the following situations. Cut and paste from the Charter of Accounts. Names must exactly match. Do not enter "$" signs or "" decimal points. a. Accrued interest on notes receivable is $5,600. b. Of the $7,200 received in advance of providing a service, two-thirds was still unearned by year end. c. Two years of rent, totaling $24,000 was paid in advance. By year end, six months' worth had expired. d. Services totaling $6,850 had been performed, but not yet billed. e. Depreciation on trucks totaled $1,750 for the year. f. Supplies available for use during the year amounted to $3,400. However, by year end, only $1,000 in supplies remained. g. Payroll for the five-day work week, to be paid on Friday, is $6,000. Year end falls on a Thursday. h. Estimated federal income taxes were $2,000. i. Accrued interest on notes payable is $410. Charter of Accounts Accounts Receivable Accounts Payable Accumulated Depreciation Depreciation Income Taxes Expense Income Taxes Payable Interest Expense Interest Income Interest Payable Interest Receivable Prepaid Rent Prepaid Income Taxes Prepaid Wages Rent Expense Service Revenue Supply Expenses Supplies Unearned Revenue Wage Expense Wages Payable
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