Lindsey Landscaping has collected the following data for the December 31 adjusting entries (Click the icon to view the independent cases.) Read the resulcements Requirement 1. Journalize the adjusting entry needed on December 31 for each of the items affecting Lindsey Landscaping. Assume Lindsey records adjusting entries only at the end of the year. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Each Friday, Lindsey pays employees for the current week's work. The amount of the weekly payroll is $7,000 for a five-day workweek. This year December 31 falls on a Wednesday. Lindsey will pay its employees on January 2 Date Accounts and Explanation Debit Credit Dec. 31 b. On January 1 of the current year, Lindsey purchases an insurance policy that covers two years, $3,000. (When the Lindsey debited an asset account.) Date Accounts and Explanation Debit Credit Dec. 31 C. The beginning balance of Office Supplies was $3,500. During the year, Lindsey purchased office supplies for $5,000, and at December 31 the office supplies on hand total $2,800. (Assume that Lindsey debits an asset account when supplies are purchased) Date Accounts and Explanation Debit Credit Dec 31 d. During December, Lindsey designed a landscape plan and the client prepaid $6,500. Lindsey recorded this amount as Unearned Revenue. The job will take several months to complete, and Lindsey estimates that the company has earned 60% of the total revenue during the current year Date Accounts and Explanation Debit Credit Dec 31 e. At December 31, Lindsey had earned $3,500 for landscape services completed for Moving On Up Appliances Moving On Up has stated that it will pay Lindsey on January 10 Date Accounts and Explanation Debit Credit An Dec 31 CO Rel 42 Ac De 1. Depreciation for the current year includes Equipment, $3,700; and Trucks, $1,400. (Prepare a compound entry to record depreciation And trucks.) Date Accounts and Explanation Debit Credit An Dec. 31 Co Rei Ac g. Lindsey has incurred $100 of interest expense on a $300 interest payment due on January 15. Date Accounts and Explanation Debit Credit Dec. 31 Requirement 2. Journalize the subsequent journal entries for adjusting entries a, d, and g (Record debits first, then credits. Select the explanation on the taste of journal entry table a. Each Friday. Lindsey pays employees for the current week's work. The amount of the weekly payroll is $7,000 for a five-day workweek. This year December 31 fails on a Wednesday, Lindsey will pay its employees on January 2. Journalize the subsequent journal entry that Lindsey will record on January 2. Date Accounts and Explanation Debit Credit Jan 2 el . be .- - d. During December, Lindsey designed a landscape plan and the client prepaid $6,500. Lindsey recorded this amount as Uneamed Revenue. The job will take several months to complete, and Lindsey estimates that the company has earned 60 percent of the total revenue during the current year, Journalize the subsequent joumal entry fat Lindsey will record when the job is completo Date Accounts and explanation Debit Credit An g. Lindsey has incurred $100 of interest expense on a $300 interest payment due on January 15. Journalize the subsequent journal entry that Lindsey will record on January 15 Date Accounts and Explanation Debit Credit Rel Jan. 15 AC De co i More Info a. Each Friday, Lindsey pays employees for the current week's work. The amount of the weekly payroll is $7,000 for a five-day workweek. This year December 31 falls on a Wednesday. Lindsey will pay its employees on January 2. b. On January 1 of the current year, Lindsey purchases an insurance policy that covers two years, $3,000. C. The beginning balance of Office Supplies was $3,500. During the year, Lindsey purchased office supplies for $5,000, and at December 31 the office supplies on hand total $2,800. d. During December, Lindsey designed a landscape plan and the client prepaid $6,500. Lindsey recorded this amount as Unearned Revenue. The job will take several months to complete, and Lindsey estimates that the company has earned 60% of the total revenue during the current year e. At December 31, Lindsey had earned $3,500 for landscape services completed for Moving On Up Appliances, Moving On Up has stated that it will pay Lindsey on January 10. f. Depreciation for the current year includes Equipment, $3,700; and Trucks, $1,400. g. Lindsey has incurred $100 of interest expense on a $300 interest payment due on January 15. - X i Requirements 1. Journalize the adjusting entry needed on December 31 for each of the items affecting Lindsey Landscaping. Assume Lindsey records adjusting entries only at the end of the year. 2. Journalize the subsequent journal entries for adjusting entries a, d, and g