Consider the following situations for College Park Welding Services (Click the icon to view the situations) Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries (Record debits first, then credits. Select the explanation on the last line of the journal entry table) a. Depreciation for the current year includes Equipment, $2,100 Date Debat Crede (a) Dec. 31 Accounts and Explanation Accumulated Depreciation Equipment Depreciation Expense Equipment b. Each Monday, College Park pays employees for the previous week's work. The amount of weekly payroll is 56,300 for a seven-day workweek (Monday to Sunday). This year December 31 falls on Thursday Date Accounts and Explanation Debit Credit (b) Dec 31 c. The beginning balance of Office Supplies was $2,900. During the year, College Park purchased office supplies for $2,400, and at December 31 the office supplies on hand totaled $1,100. Assume that College Park debits an asset account when supplies are purchased) Accounts and Explanation Debat Credo (c) Dec. 31 Choose from any list or enter any number in the input fields and then continue to the next question Save for Later Consider the following situations for College Park Welding Services (Click the icon to view the situations) Journalire the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries (Record debits first the credits Select the explanation on the la of the journal entry table) c. The beginning balance of Office Supplies was $2.900. During the year, College Park purchased office supplies for $2.400, and at December 31 the office supplies on hand totaled $1,100. (Assume that College Park debis an asset account when supplies are purchased) Date Accounts and Explanation Debit Credit (c) Dec. 31 d. College Park prepaid a two full years' Insurance on October 1 of the current year, 55,760. Record insurance expense for the year ended December 31. (When the policy was purchased on October 1, assume that College Park debited an asset account) Accounts and Explanation Debit Credit (d) Dec 31 e. College Park had earned $2.500 of unearned revenue (When the cash was received, assume that a liability account was credited) Accounts and Explanation Debit Credit (e) Dec 31 Date Choose from any list or enter any number in the input fields and then continue to the next question. Consider the following situations for College Park Welding Services: (Click the icon to view the situations.) Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries (Record debts first then credits Select the explanation on the la of the journal entry table) e. College Park had earned $2.900 of unearned revenue (When the cash was received, assume that a liability account was credited) Date Accounts and Explanation Debit Credit (e) Dec 31 1. College Park had incurred (but not recorded) $100 of interest expense on a note payable. The interest will not be paid in February 28 Accounts and Explanation Debit Credit (1) Dec 31 9. College Park billed customers 57.500 for welding services performed Date Accounts and Explanation (g) Dec 31 Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question Mowing situations for College Park Welding Services: con to view the situations.) adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries. (Record debits first, then credits. Select try table.) for the current year includes Equipment, $2,100. 4 More Info Accumulated Depre Depreciation Expen To record depreciat Jay workweek (Monday to Su nday, College Park pays 1 falls on Thursday a. Depreciation for the current year includes equipment. $2,100. b. Each Monday, College Park pays employees for the previous week's work. The amount of weekly payroll is $6,300 for a seven-day workweek (Monday to Sunday). This year, December 31 falls on Thursday c. The beginning balance of Office Supplies was $2,900. During the year, College Park purchased office supplies for $2.400, and at December 31 the office supplies on hand totaled $1,100 d. College Park prepaid a two full years' insurance on October 1 of the current year, $5,760. Record insurance expense for the year ended December 31. e. College Park had eamed $2,900 of uneared revenue. 1. College Park had incurred (but not recorded) $100 of interest expense on a note payable. The interest will not be paid until February 28 g. College Park billed customers $7,500 for welding services performed. ginning balance of Office S Assume that College Park d t December 31 the office supp Done Print Arrunts and Fynlanation Debit Credit