Question
Journalize the following December 31 transactions for Printing Services. No explanations are required. LOADING...(Click the icon to view the transactions.) a. Equipment cost $ and
Journalize the following December 31 transactions for Printing Services. No explanations are required. LOADING...(Click the icon to view the transactions.) a. Equipment cost $ and is expected to be useful for 10 years, at which time it will have no residual value. Calculate and record amortization for the current year. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts and Explanation Debit Credit (a) Dec. 31 b. Each Monday, pays employees for the previous week's work. The amount of weekly payroll is for a seven-day workweek (Monday to Sunday). This year December 31 falls on a . Date Accounts and Explanation Debit Credit (b) Dec. 31 c. The beginning balance of Supplies was . During the year, purchased supplies for , and at December 31, the supplies on hand totalled . (Assume that debited an asset account when supplies were purchased.) Date Accounts and Explanation Debit Credit (c) Dec. 31 d. prepaid one year of insurance coverage on 1 of the current year, . Record insurance expense for the year ended December 31. (Assume that debited an asset account when the policy was purchased on 1.) Date Accounts and Explanation Debit Credit (d) Dec. 31 e. earned of unearned revenue. (Assume that credited a liability account when the cash was received.) Date Accounts and Explanation Debit Credit (e) Dec. 31 f. incurred of interest expense on a note payable that will not be paid until February 28. Date Accounts and Explanation Debit Credit (f) Dec. 31 g. billed customers for printing services performed. Date Accounts and Explanation Debit Credit (g) Dec. 31 Choose from any list or enter any number in the input fields and then continue to the next question.
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