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Consider the following shuations for Galestown Welding Services: (Click the icon to view the situations.) Journalize the adjusting entry needed on December 31 for each
Consider the following shuations for Galestown Welding Services: (Click the icon to view the situations.) Journalize the adjusting entry needed on December 31 for each bhuation Use the letters to label the journal entries (Record debits first, then credits. Select the explanation on the last line of the your More Info 2.Deprecation for the current year in Date (a) Dec 31 Acco Depreciation Expense Accumulated Den To record depreciation b. Each Monday, Olestown pays om This year, December 31 foton Thur a. Depreciation for the current year includes equipment, $2,400 b. Each Monday, Galestown pays employees for the previous week's work. The amount of weekly payroll $2.100 for a seven day workweek (Monday to Sunday). This year, December 31 falls on Thursday c. The beginning balance of Office Supplies was $2.200. During the year Galetown purchased the supplies for $2.600 and at December 31 theo supplies on hand told $1,000 d. Closiown propada two full year insurance on April 1 of the current year, 56.720. Records and expense for the year ended December 31 e town ad cared 3.000 of uneamed revenue 1. Otestown had cred (but not recorded) $130 cintores expense on a note payable. The rest wit not be paid toleruary 20 9. Calon till stor 10.500 for welding services performed werkweek (Monday to under Datu Acce Espen San Payable Print Done
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