K Laughter Landscaping has collected the following data for the December 31 adjusting entries: (Click the icon to view the independent cases.) Read the req Requiremen (Record debi a. Each Frida pay its emplo Date Dec. 31 b. On Januar asset accoun Date Dec. 31 UL More info a. Each Friday, Laughter pays employees for the current week's work. The amount of the weekly payroll is $6,500 for a five-day workweek. This year December 31 falls on a Thursday. Laughter will pay its employees on January 1. b. On January 1 of the current year, Laughter purchases an insurance policy that covers two years, $5,500. C. The beginning balance of Office Supplies was $3,600. During the year, Laugh purchased office supplies for $5,100, and at December 31 the office supplies on hand total $2,300. d. During December, Laughter designed a landscape plan and the client prepaid $7,000. Laughter recorded this amount as Unearned Revenue. The job will take several months to complete, and Laughter estimates that the company has earned 50% of the total revenue during the current year. e. At December 31, Laughter had earned $4,200 for landscape services completed for Yard Sale Appliances. Yard Sale has stated that it will pay Laughter on January 10. f. Depreciation for the current year includes Equipment, $3,900; and Trucks, $1,100. g. Laughter has incurred $1,000 of interest expense on a $1,300 interest payment due on January 15. Print Done - X ughter This y ed on Ja

Laughter Landscaping has collected the following data for the December 31 adjusting entries