Homework: Week 3-Chapter 03 problems score: 0 of 1 pt of 5 (0 complete) HW Score: P3-33A (similar to) Ques Loughter Landscaping has collected the followting data tor the December 31 adusting enb Cick the icon to view te independent cases) Read the reairements Requirement 1. Journalize the adusting entry needed on December 31 Sor each of the tems atecing Laughter Landscaping Assume Laugnhter records adusting onties only at the end of the year (Record debils Sist h Select the explanation on the last line of the journall entry table.) a. Each Friday. Laughter pays employees for the current week's work The amount of the weekly payroll is $8000 for a tve-day workwoak This year December 31 fals on a Tuesdey. Laughter wll pay its employees on Jan Date Accounts and Explanation Debit Credit Dec. 31 Requirements 1. Journalize the adusting entry needed on December 31 for each of the tems affecting Laughter Landscaping Assume Laughter records adusting entries ony at the end of the year 2. Joumalize the subeequent jourral entries for adustng entries a, d and g More Info PrintDone a Each Friday, Laughter pays employees for the current week's work. The amount of the weekty payroll is $8.000 for a tive-day workweek. This year December 31 falls on a Tueoday Laughter b. On January 1 of the current year, Laughter purchases an insurance policy that covers tao years, C The beginning balance of Office Supples was $4,100. During the year, Laaghter purchased officoe d. During December, Laughter designed a landocape plan and the clent prepaid $9.000 Laughter wil pay its employees on January 3 $5,500 supples for $5,600, and at December 31 the office supplies on hand total $2,200 recorded this amount as Ureamed Revenue The job w? tako several montes to complete and Laughter estrmates that he company has earned 70% of the total revenue during the ament year e. A December 31, Laughter had eamed 56,000 tor landscape services completed for t. Depreciation for the current year includes Equipment, $3,700, and Trucks $1,300 Moving On Up Appliances. Moving On Up has stabed that it will pay Laughter on January 10 a. Laughter has incurred $300 of interest expense on a 5700 interest payment due on January 15 Print Done Choose from any list or enter any number in the input fields and then dick Check Answer Check Ans Clear All