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Consider the following situations for Botterton Welding Servicos: (i) (Click the icon to view the situations;) Journalize the adjusting ontry noodod on December 31 for
Consider the following situations for Botterton Welding Servicos: (i) (Click the icon to view the situations;) Journalize the adjusting ontry noodod on December 31 for each situation. Use the letters to label the journal entries: (Record debits first, then crecits Select the explanation on the last line of the joumal entry table.) a. Depreciation for tho current year includes Equipment, $2,600. More info a. Depreciation for the current year includes equipment, $2,600. b. Each Monday, Betterton pays employees for the previous week's work. The amount of weekly payroll is $4,900 for a seven-day workweek (Monday to Sunday). This year, December 31 falls on Thursday. c. The beginning balance of Office Supplies was $2,000. During the year, Betterton purchased office supplies for $2,600, and at December 31 the office supplies on hand totaled $1,500. d. Betterton prepaid a two full years' insurance on July 1 of the current year, $6,240. Record insurance expense for the year ended December 31 . e. Betterton had earned $3,800 of unearned revenue. f. Betterton had incurred (but not recorded) $160 of interest expense on a note payable. The interest will not be paid until February 28. g. Betterton billed customers $4,000 for welding services performed
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