Book Hint ferences Trotman's Variety Store is completing the accounting process for the current year just ended, December 31. The transactions during the year have been journalized and posted. The following data with respect to adjusting entries are available: a. Wages earned by employees during December, unpaid and unrecorded at December 31, amounted to $3,600. The last payroll was December 28, the next payroll will be January 6, b. Office supplies on hand at January 1 of the current year totaled $610. Office supplies purchased and debited to Office Supplies during the year amounted to $670. The year-end count showed $235 of supplies on hand. c. One-fourth of the basement space is rented to Kathy's Specialty Shop for $600 per month, payable monthly. At the end of the current year, the rent for November and December had not been collected or recorded. Collection is expected in January of the next year d. The store used delivery equipment all year that cost $67,500, $12.400 was the estimated annual depreciation. e. On July 1 of the current year, a two-year insurance premium amounting to $2,160 was paid in cash and debited in full to Prepaid Insurance. Coverage began on July 1 of the current year 1. The remaining basement of the store is rented for $1,700 per month to another merchant, M. Carlos, Incorporated. Carlos sells compatible, but not competitive, merchandise. On November 1 of the current year, the store collected six months' rent in the amount of $10,200 in advance from Carlos, it was credited in full to Unearned Rent Revenue when collected g Trotman's Variety Store operates a repair shop to meet its own needs. The shop also does repairs for M. Carlos. At the end of the current year, Carlos had not paid $810 for completed repairs. This amount has not yet been recorded as Repair Shop Revenue Collection is expected during January of next year. Prepare the adjusting entries that should be recorded for Trotman's Variety Store at December 31 of the current year. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 Wages earned by employees during December, unpaid and unrecorded at December 31, amounted to $3,600. The last payroll was December 28; the next payroll will be January 6. Note: Enter debits before credits. Transaction General Journal Debit Credit > current year, Carlos had hot Collection is expected during January of next year. pare the adjusting entries that should be recorded for Trotman's Variety Store at Decembe te: If no entry is required for a transaction/event, select "No journal entry required" in th View transaction list Journal entry worksheet 2 4 5 6. 7 Office supplies on hand at January 1 of the current year totaled $610. Office supplies purchased and debited to office Supplies during the year amounted to $670. The year-end count showed $235 of supplies on hand. Nite Enter debts before credits Transaction b General Jounal Debit Credit Sentry Chew inty View general journal < Prev of 14 Next > DELL g. Trotman's Variety Store operates a repli? Sh current year, Carlos had not paid $810 for completed repairs. This amount has not yet ber Collection is expected during January of next year epare the adjusting entries that should be recorded for Trotman's Variety Store at December te: If no entry is required for a transaction/event, select "No journal entry required" in the View transaction list Journal entry worksheet < 1 2 3 6 7 One-fourth of the basement space is rented to Kathy's Specialty Shop fod $500 per month, payable monthly. At the end of the current year, the rent for November and December had not been collected or recorded. Collection is expected in January of the next year. Note: Enter debits before credits Transaction c General Journal Debit Credit Record entry Clear entry View general journal HUIBILE LUveraye veya Jayewares year f. The remaining basement of the store is rented for $1700 per month to another m compatible, but not competitive, merchandise. On November 1 of the current year amount of $10,200 in advance from Carlos; it was credited in full to Unearned Rem g. Trotman's Variety Store operates a repair shop to meet its own needs. The shop al current year, Carlos had not paid $810 for completed repairs. This amount has not Collection is expected during January of next year Prepare the adjusting entries that should be recorded for Trotman's Variety Store at Dece Note: If no entry is required for a transaction/event, select "No journal entry required" i View transactions Journal entry worksheet < 1 2 5 T The store used delivery equipment all year that cost $67,500; $12,400 was the estimated annual depreciation Note: Beter des before and Transaction d General Journal Debit Credit Recond y Clear Vi general journal < Pay Next > DELL compatible, Dut amount of $10,200 in advance from Carlos; it was credited in full to Unearned Rel g. Trotman's Variety Store operates a repair shop to meet its own needs. The shop a current year, Carlos had not paid $810 for completed repairs. This amount has not Collection is expected during January of next year. repare the adjusting entries that should be recorded for Trotman's Variety Store at Dec ote: If no entry is required for a transaction/event, select "No journal entry required View transaction list Journal entry worksheet 3 5 6 7 On July 1 of the current year, a two-year insurance premium amounting to $2,160 was paid in cash and debited in full to Prepaid Insurance. Coverage began on July 1 of the current year. Note: Enter debts before credits Transaction General Journal Debit Credit Record entry Cleary View general journal < Prev P Nex DELL amount of $10,200 in advance from Carlos; it was credited in full g. Trotman's Variety Store operates a repair shop to meet its own needs. The shop al current year, Carlos had not paid $810 for completed repairs. This amount has not Collection is expected during January of next year. repare the adjusting entries that should be recorded for Trotman's Variety Store at Dece ote: If no entry is required for a transaction/event, select "No journal entry required" View transaction list Journal entry worksheet < 1 3 5 6 7 The remaining basement of the store is rented for $1,700 per month to another merchant, M. Carlos, Incorporated. Carlos sells compatible, but not competitive, merchandise. On November 1 of the current year, the store collected six months' rent in the amount of $10,200 in advance from Carlos; it was credited in full to Unearned Rent Revenue when collected Note: Enter debits before credits Transaction L General Journal Debit Credit Record entry Clear entry View general journal > hount of otman's Variety Store operates a repair shop to meet its own needs. The shop a rrent year, Carlos had not paid $810 for completed repairs. This amount has not ollection is expected during January of next year. e the adjusting entries that should be recorded for Trotman's Variety Store at Dece f no entry is required for a transaction/event, select "No journal entry required" ew transaction list Journal entry worksheet < 1 2 3 4 5 6 7 Trotman's Variety Store operates a repair shop to meet its own needs. The shop also does repairs for M. Carlos. At the end of the current year, Carlos had not paid $810 for completed repairs. This amount has not yet been recorded as Repair Shop Revenue. Collection is expected during January of next year. Note: Enter debits before credits Transaction 9 General Journal Debit Credit Record y Clear entry View general journal