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Consider the following situations for Takoma Park Welding Services ( Click the icon to view the situations. ) Journalize the adjusting entry needed on December
Consider the following situations for Takoma Park Welding Services
Click the icon to view the situations.
Journalize the adjusting entry needed on December 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.
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a Depreciation for the current year includes Equipment, $
tableDateAccounts and Explanation,Debit,Credita Dec
b Each Monday, Takoma Park pays employees for the previous week's work. The amount of weekly payroll is $ for a sevenday workweek Monday to Sunday This year, December falls on Thursday.
a Depreciation for the current year includes equipment, $
b Each Monday, Takoma Park pays employees for the previous week's work The amount of weekly payroll is $ for a sevenday workweek Monday to Sunday This year, December falls on Thursday.
c The beginning balance of Office Supplies was $ During the year, Takoma Park purchased office supplies for $ and at December the office supplies on hand totaled $
d Takoma Park prepaid a two full years' insurance on July of the current year, $ Record insurance expense for the year ended December
e Takoma Park had earned $ of unearned revenue.
f Takoma Park had incurred but not recorded $ of interest expense on a note payable. The interest will not be paid until February
g Takoma Park billed customers $ for welding services performed.
Date
Accounts and Explanation
Debit
Credit
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