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Consider the following situations for Betterton Welding Services (Click the icon to view the situations) Joumalize the adjusting entry needed on December 31 for
Consider the following situations for Betterton Welding Services (Click the icon to view the situations) Joumalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entres. Hecond debits first, then credits. Gect the expiration on the last line of the journal entry tab.) - X a Depreciation for the current year includes Equipment, $2,000. Date (4)Dec 31 Accounts and Explanation More info Debit Credit a. Deprecation for the current year includes equipment, $2,000. b. Each Monday, Deberton pays employees for the previous week's work. The amount of weekly payroll is $8,400 Date Accounts and Explanation Debit Credit (Dec 31 The beginning balance of Office Supplies was $2,500. During the year. Betterton purchased office supplies for supple purchased.) Data Accounts and Explanation Debil Credit b. Each Monday Betterton pays employees for the previous week's work. The amount of weekly payroll is $8,400 for a seven-day workweek (Monday to Sunday). This year, December 31 tats on Thursday e. The beginning balance of Office Supplies was $2.900. During the year Betterton purchased office supplies for $2.400, and at December 31 the office supples on hand totaled $1,100. d. Berterton prepaid a two full years' insurance on Apr 1 of the current year 15.280. Recond insurance expense for the year ended December 31 eBetterton had eamed $3.800 of uneamed revenue f. Betterton had incured (but not recorded) $120 of interest expose on payable. The interest will not be paid until February 28 getorton billed customers $4,500 for weiding services performed Print Done account when Next
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