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i forget how to do the accounting equation so any help would be appreciated a. Wages of $11,000 are earned by workers but not paid
i forget how to do the accounting equation so any help would be appreciated
a. Wages of $11,000 are earned by workers but not paid as of December 31 . b. Depreciation on the company's equipment for the year is $11,800. c. The Supplies account had a $380 debit balance at the beginning of the yeat. During the yeac, $6,379 of supplies are purchased. A physical count of supplies at December 31 shows $688 of supplles avaliable. d. The Prepaid insurance account had a $5,000 balance at the beginning of the yeat. An analysis of insurance policies shows that $2,400 of unexpired insurance benefits remain at December 31 . e. The company has earned (but not recorded) $550 of interest revenue for the year ended December 31. The interest payment will be recelved 10 days after the year-end on January 10. 6. The company has a bank loan and has incurred (but not recorded) interest expense of 53,000 for the year ended Decembet 31 . The company will pay the interest five days after the year-end on January 5. For each of the above separate cases, analyze each adjusting entry by showing its effects on the accounting equation-specificaly. identify the accounts and amounts (including (1) increase or () decrease) for each transaction or event Step by Step Solution
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