Cases a. The details of Prepaid Insurance are as follows: Prepaid Insurance Jan 1 Bal 2,100 Mar 31 3,600 Woolton prepays insurance on March 31 each year. At December 31, $1,200 is still prepaid. b. Woolton pays employees each Friday. The amount of the weekly payroll is $5,600 for a five-day work week. The current accounting period ends on Thursday. c. Woolton has a note receivable. During the current year, Woolton has earned accrued interest revenue of $500 that it will collect next year. d. The beginning balance of supplies was $3,400. During the year, Woolton purchased supplies costing $6,400, and at December 31 supplies on hand total $2,400. e. Woolton is providing services for Orca Investments, and the owner of Orca paid Woolton an annual service fee of $10,200. Woolton recorded this amount as Unearned Service Revenue. Woolton estimates that it has earned 70% of the total fee during the current year. f. Depreciation for the current year includes Office Furniture, $3,300, and Equipment, $6,200. Print Done -