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Journal entry worksheet 6 The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An analysis of insurance policies shows that
Journal entry worksheet 6 The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An analysis of insurance policies shows that $3,200 of unexpired insurance benefits remain at December 31 . Note: Enter debits before credits. Journal entry worksheet \begin{tabular}{ccc} 3 & 5 & 6 \\ \hline & & \\ Depreciation on the company's equipment for the year is $10,240. \end{tabular} Note: Enter debits before credits. Journal entry worksheet The company has a bank loan and has incurred (but not recorded) interest expense of $2,500 for the year ended December 31 . The company will pay the interest five days after the year-end on January 5 . Note: Enter debits before credits. Required information [The following information applies to the questions displayed below] a. Wages of $13,000 are earned by workers but not paid as of December 31 . b. Depreciation on the company's equipment for the year is $10,240. c. The Supplies account had a $340 debit balance at the beginning of the year. During the year, $4,956 of supplies are purchased. A physical count of supplies at December 31 shows $546 of supplies available. d. The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An analysis of insurance policies shows that $3,200 of unexpired insurance benefits remain at December 31 . e. The company has earned (but not recorded) $700 of interest revenue for the year ended December 31 . The interest payment will be received 10 days after the year-end on January 10 . f. The company has a bank loan and has incurred (but not recorded) interest expense of $2,500 for the year ended December 31 . The company will pay the interest five days after the year-end on January 5 . Journal entry worksheet The company has earned (but not recorded) $700 of interest revenue for the year ended December 31 . The interest payment will be recelved 10 days after the year-end on January 10. Note: Enter debits before credits. Journal entry worksheet 6 The Supplies account had a $340 debit balance at the beginning of the year. During the year, $4,956 of supplies are purchased. A physical count of supplies at December 31 shows $546 of supplies available. Note: Enter debits before credits. Journal entry worksheet 6 Wages of $13,000 are earned by workers but not paid as of December 31 . Note: Enter debits before credits
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