Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Depreciation on the company's wind turbine equipment for the year is $6,900, the heat insurance account for the solar panels had a $3.900 debit balance

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Depreciation on the company's wind turbine equipment for the year is $6,900, the heat insurance account for the solar panels had a $3.900 debit balance at December 31 before adjusting for the costs of expand coverage Analysis of prepaid insurance shows that $1,550 of unexpired insurance coverage remains at year-end. The company received $700 cash in advance for sustainability consulting work. As of December 31, one-third of the sustainability conuing work had been performed & As of December 31 $3100 in wages expense for the organic produce workers have been incurred but not yet paid. As of December 31 the company has earned, but not yet recorded, $590 of interest revenue from investments in socially responsible bonds the interest revenue is expected to be received on January 12. for each of the above separate cases, prepare the required December 31 year-end adjusting entries. Journal entry worksheet 1 2 5 > Depreciation on the company's wind turbine equipment for the year is $6,900. Enter debits before credits saction General Journal Debit Credit Enabled Examen CapJy 4 O Hwy macos Big enta noche mi a. Depreciation on the company's wind turbine equipment for the year is $6.900 b. The Prepaid Insurance account for the solar panels had a $3,900 debit balance at December 31 before adjusting for the costs of any expired coverage. Analysis or prepaid insurance shows that $1,550 of unexpired insurance coverage remains at year-end. c. The company received $8,700 cash in advance for sustainability consulting work. As of December 31, one-third of the sustainability consulting work had been performed d. As of December 31, $3.100 in wages expense for the organic produce workers have been incurred but not yet paid. e. As of December 31, the company has earned, but not yet recorded, $590 of interest revenue from investments in socially responsible bonds. The interest revenue is expected to be received on January 12 For each of the above separate cases, prepare the required December 31 year-end adjusting entries. View transaction fiat Journal entry worksheet 1 2 3 4 5 Depreciation on the company's wind turbine equipment for the year is $6,900. Enter debits before credits nsaction General Journal Debit Credit a For each of the above View transaction list Journal entry worksheet > 1 2 3 3 4 5 Depreciation on the company's wind turbine equipment for the year is $6,900. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal Prev of 25 NO View transaction list Journal entry worksheet 3 4 5 View transaction list Journal entry worksheet 5 View transaction list Journal entry worksheet 2 3 5 As of December 31, $3,100 in wages expense for the organic produce workers have been incurred but not yet paid. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal Prey. 1 of 25 ! Next > View transaction list Journal entry worksheet

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing A Practical Approach

Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton

3rd Edition

0730364577, 978-0730364573

More Books

Students also viewed these Accounting questions

Question

Give some examples of services where waiting lines are used.

Answered: 1 week ago

Question

Identify the main sources of stress and how it affects health.

Answered: 1 week ago

Question

discuss S.M.A.R.T. framework

Answered: 1 week ago