ise 3-3 Preparing adjusting entries LO P1

1. Depreciation on the company's equipment for 2017 is computed to be $15,000.
2. The Prepaid Insurance account had a $7,000 debit balance at December 31, 2017, before adjusting for the costs of any expired coverage. An analysis of the companys insurance policies showed that $1,630 of unexpired insurance coverage remains.
3. The Office Supplies account had a $440 debit balance on December 31, 2016; and $2,680 of office supplies were purchased during the year. The December 31, 2017, physical count showed $519 of supplies available.
4. One-third of the work related to $15,000 of cash received in advance was performed this period.
5. The Prepaid Insurance account had a $5,700 debit balance at December 31, 2017, before adjusting for the costs of any expired coverage. An analysis of insurance policies showed that $4,070 of coverage had expired.p
6. Prepare adjusting journal entries for the year end date of dec 3 2017