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ASAP pls help 1 33 ints a. Depreciation on the company's equipment for the year is computed to be $16,000. b. The Prepaid Insurance account

ASAP pls help
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1 33 ints a. Depreciation on the company's equipment for the year is computed to be $16,000. b. The Prepaid Insurance account had a $9,000 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of the company's insurance policies showed that $1,320 of unexpired insurance coverage remains. c. The Supplies account had a $290 debit balance at the beginning of the year, and $2,680 of supplies were purchased during the year. The December 31 physical count showed $342 of supplies available. d. Two-thirds of the work related to $12,000 of cash received in advance was performed this period. e. The Prepaid Rent account had a $5,200 debit balance at December 31 before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $3,880 of prepaid rent had expired. 1. Wage expenses of $3,000 have been incurred but are not paid as of December 31. Prepare adjusting journal entries for the year ended December 31 for each separate situation, Prepare adjusting journal entries for the year ended December 31 for each separate situation. Answer is complete but not entirely correct. No Transaction General Journal Debit a. Degreciation expense-Equipment 16,000 Accumulated depreciation Equipment b. Insurance expense 9,000 X Prepaid insurance 2,583 4,000 4,200 3,000 1 2 3 4 5 6 C. d. e. 1. Supplies expense Supplies Unearned revenue Services revenue Insurance expense Insurance expense Wages expense Wages payable >> XX Credit 16,000 1,320 2,583 x 4,000 X 4,200 X 3,000

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