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Exercise 3-7 Preparing adjusting entries LO P a Wages of $11,000 are earned by workers but not pald as of December 31, 2017 b. Depreciation

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Exercise 3-7 Preparing adjusting entries LO P a Wages of $11,000 are earned by workers but not pald as of December 31, 2017 b. Depreciation on the company's equipment for 2017 is $11,440 c. The Office Supplies account had a $330 debit balance on December 31, 2016. During 2017, $5,886 of office supplies are purchased. A physical count of supplies at December 31, 2017, shows $639 of supplies avalilable. d. The Prepaid Insurance account had a $5,000 balance on December 31, 2016. An analysis of insurance policies shows that $2,800 of unexpired insurance benefits remain at December 31 2017 e. The company has eamed (out not recorded) $700 of interest from investments in CDs for the year ended December 31, 2012. The interest revenue will be recelved on January 10, 2018 f. The company has a bank loan and has incurred (but not recorded) interest expense of $2,500 for the yeer ended December 3, 2017. The company must pay the Interest on January 2,2018 For each of th e at ove separate cases, prepare anting er tres required offi andal state ents for the year ended date of December 31, 2017 Journal entry worksheet Wages of %11,000 are earned by workers but not paid as of December 31, 20

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