Consider the following situations for Takoma 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 curent year includes Equipment, $2,200 Date (a) Dec 31 Accounts and Explanation Debit Credit CD b. Each Monday, Takoma Park pays employees for the previous week's work. The amount of weekly payrol is $7,700 for a seven day workweek (Monday to Sunday). This year, December 31 falls on Thursday Accounts and Explanation Date b) Dec 31 Debit Credit The begiving balance of Ofice Supplies was $3.000. During the year. Takoma Park pred 2.400 and at December 31 office ples on handed 31-400 (that Takoma Park Date Accounts and Explanation Deb Cred 00 Dec 31 d. Takoma Park prepaid a two years brance on Apr 1 of the cunt year 54 500 cancel Date Dri Cred Date Ded Crede 31 apples are purchased f. Takoma Park had incurred (but not recorded) $130 of interest expense on a note payable. The interest will not be paid until February 28 Date (1) Dec 31 Accounts and Explanation Debit Credit g. Takoma Park billed customers $4,500 for welding services performed Date (9) Dec. 31 Accounts and Explanation Debit Credit More info a. Depreciation for the current year includes equipment, $2,200. b. Each Monday, Takoma Park pays employees for the previous week's work The amount of weekly payroll is $7,700 for a seven-day workweek (Monday to Sunday). This year, December 31 falls on Thursday. c. The beginning balance of Office Supplies was $3,000. During the year, Takoma Park purchased office supplies for $2,400, and at December 31 the office supplies on hand totaled $1,400 d. Takoma Park prepaid a two full years insurance on April 1 of the current year, $4,560. Record insurance expense for the year ended December 31. e. Takoma Park had earned $3,000 of unearned revenue. f. Takoma Park had incurred (but not recorded) $130 of interest expense on a note payable. The interest will not be paid until February 28. g. Takoma Park billed customers $4,500 for welding services performed. Print Done - X Accounts Receivable Accumulated Depreciation-Equipment Cash Depreciation Expense-Equipment Insurance Expense Interest Expense Interest Payable Office Supplies Prepaid Insurance Salaries Expense Salaries Payable Service Revenue Supplies Expense Unearned Revenue ar