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Im having trouble getting (E), I highlighted the question if you can please help. Jaworski's Ski Store is completing the accounting process for its first

Im having trouble getting (E), I highlighted the question if you can please help. image text in transcribed
Jaworski's Ski Store is completing the accounting process for its first year ended December 31, 2015. The transactions during 2015 have been journalized and posted The folowing data are available to determine adjusting journal entries a. The unadjusted balance in Supplies was $890 at December 31, 2015. The unadjusted balance in Supplies Expense was S0 at December 31, 2015. A year-end count showed $120 of supplies on hand b. Wages earned by employees during December 2015, unpaid and unrecorded at December 31, 2015, amounted to $3,900 The last paychecks were issued December 28: the next payments wil be made on January 6, 2016. The unadjusted balance in Salanes and Wages Expense was $42,000 at December 31, 2015 C A portion of the store's basement is now being rented for $1,300 per month to K. Frey On November 1, 2015, the store collected six months rent in advance from Frey in the amount of $7800. It was credited in full to Unearned Revenue when collected. The unadjusted balance in Rent Revenue was $0 at December 31, 2015 d. The store purchased delivery equipment at the beginning of the year The estmated depreciation for 2015 is $2.200, although none has been recorded yet. e. On December 31, 2015, the unadjusted balance in Prepaid Insurance was $3,080 This was the amount paid in the middle of the year for a two-year insurance policy with coverage beginning on July 1, 2015 The unadjusted balance in Insurance Expense was $620, which was the cost of insurance from January 1 to June 30, 2015 f Jaworski's store did some ski repar work for Frey At the end of December 31, 2015 Frey had not paid for work completed amounting to $770 This amount has not yet been recorded as Service Revenue. Collection is expected during January 2016 Required For each of the transactions, indicate the amount and direction of effects of the adjusting journal entry on the elements of the accounting equation. Using the following format indicate + for increase, for decrease. Include account names using the format shown for the following sample. (Enter eny decreases to Assets, Linbilities, or Stockholders Equity with a minus sign.) Answer is complete but not entirely correct 5Liabitines Stockholder's Equity Transaction Assets Supplies Expense Salaries and Wages Experse Rent Revenu Supplies (770) (770) a.900) 1900 2 600) Salaies and Wages Payatle Uneaned Revenue 2600 c Accumulated Depreciation-Equipment 2200) (2,200) Depeedation Expense Insurance Expense Service Revenue di 155 Prepaid Insurance Accounts Receivable 155 770 f

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