Consider the following situations for

Takoma Park

Welding Services:

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, $2200.

b. Each Monday, Takoma Park pays employees for the previous week's work. The amount of weekly payroll is 2800 for a seven-day workweek (Monday to Sunday). This year, December 31 falls on .

c. The beginning balance of $3000 Office Supplies was. During the year, purchased office supplies for $2400, and at December 31 the office supplies on hand totaled $1000.

d. Takoma Park prepaid a two full years' insurance on April 1 of the current year, $6000 . Record insurance expense for the year ended December 31.

e. Takoma Park had earned of $3600 unearned revenue. f. 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 $4500 for welding services performed.