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bs and is Data not yet recorded at December 31 included: a. The supplies count on December 31 reflected $150 in remaining supplies on hand
bs and is Data not yet recorded at December 31 included: a. The supplies count on December 31 reflected $150 in remaining supplies on hand to be used in the next year. b. Insurance expired during the current year, $760. c. Depreciation expense for the current year, $3,900, d. Wages earned by employees not yet paid on December 31,$530. e. Three months of interest expense (for the note payable borrowed on October 1 of the current year) was incurred in the current year. f. Income tax expense, $5,080. 2-a. Prepare an income statement (with Operating Income and Other Items sections) that include the effects of the preceding six transactions. 2.b. Prepare a classified balance sheet that include the effects of the preceding flve transactions
bs and is
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