Journal entry worksheett

Note: Enter debits before credits.

1. Depreciation on the companys equipment for 2017 is computed to be $14,000.

2. The prepaid insurance account had a $6,000 debit balance at December 31, 2017, before adjusting for the costs of any expired coverage. An analysis of the companys insurance policies showed that $780 of unexpired insurance coverage remains.

3.The Office Supplies account had a $380 debit balance on December 31, 2016; and $2,680 of office supplies were purchased during the year. The December 31, 2017, physical count showed $448 of supplies available.

4. One-fifth of the work related to $10,000 of cash received in advance was performed this period.

5. The prepaid insurance account had a $5,100 debit balance at December 31, 2017, before adjusting for the costs of any expired coverage. An analysis of insurance policies showed that $4,320 of coverage had expired.

6. Wage expenses of $2,000 have been incurred but are not paid as of December 31, 2017.

Transaction	General Journal	Debit	Credit
a.