depreciation on the company's equipment for the year is computed to be 15,000.

the prepaid insurance account had a 8000 debit balance at December 31 before adjusting the costs of any expired coverage an analysis of the company's insurance policy showed that 860 of unexpired insurance coverage remains

Pablo management has 10 employees each of whom earns 180 per day. they are paid on Fridays for the work completed Monday through Friday the same week. near year end the 10 employees worked Monday December 31 and Wednesday Thursday and Friday January 2 3 and 4. new years day was a unpaid holiday