Garvey Company's unadjusted trial balance includes the following account balances as of December 31, 2015: Credits Debits $ 71,770 127.700 1.680 151.900 9.650 55.700 304.400 Cash Accounts receivable Interest receivable Supplies Prepaid insurance Notes Receivable (short-term) Equipment Accumulated Depreciation Equipment Accounts payable Salaries and Wages Payable Unearned revenue Notes Payable (long-term) Common Stock Retained earnings Service revenue Interest revenue Supplies Expense Repair and Maintenance Expense Rent Expense Depreciation Expense Insurance Expense Salaries and Wages Expense $ 70,600 113,600 23,500 11.100 95.000 237,000 156.800 44.300 23,800 19.700 Totals 9.950 $775,700 $775.700 The following data are available to determine adjusting entries A nsurance purchased at the beginning of July for $9.650 provided coverage for twelve months (July 2015 through June 2010). The insurance coverage for July through December totalno 34.825 has now been The company emates $9.100 in depreciation e ye c) Account Show 395.200 of sus on and the end of the year D) An tonal $450 of interest has been mod but not yet be Otel foc Services in the amount of 5. collected The following data are available to determine adjusting entries: A) Insurance purchased at the beginning of July for $9,650 provided coverage for twelve months (July 2015 through June 2016). The insurance coverage for July through December totaling $4,825 has now been used. B) The company estimates $9,100 in depreciation each year. C) Account showed $95,200 of supplies on hand at the end of the Year D) An additional $450 of interest has been eamed but has not yet been uncollected on the outstanding notes receivable. E) Services in the amount of $6,550 were performed for customers who had previously paid in advance. F) Services in the amount of $3.900 were performed; these services have not yet been billed or recorded. Required: a. Prepare the adjusting entries that are required at the end of the period. (If no entry is required for a transactionlevent, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record the entry for insurance expense expired during the period. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Cleur entry View general journal A) Insurance purchased at the beginning of July for $9,650 provided coverage for twelve months (July 2015 through June 2010). The insurance coverage for July through December totaling $4,825 has now been used. B) The company estimates $9,100 in depreciation each year. C) Account showed $95,200 of supplies on hand at the end of the year. D) An additional $450 of interest has been eamed but has not yet been uncollected on the outstanding notes receivable. E) Services in the amount of $6,550 were performed for customers who had previously paid in advance. F) Services in the amount of $3,900 were performed; these services have not yet been billed or recorded. Required: a. Prepare the adjusting entries that are required at the end of the period. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet
