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Lindsey Landscaping has collected the following data for the December 31 adjusting entries: (Click the icon to view the independent cases.) Read the requirements. Requirement

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Lindsey Landscaping has collected the following data for the December 31 adjusting entries: (Click the icon to view the independent cases.) Read the requirements. 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 Tuesday. Lindsey will pay its employees on January 3. b. On January 1 of the current year, Lindsey purchases an insurance policy that covers two years, $4,500. .When the policy was purchased on January 1 , assume that Lindsey debited an asset account.) c. The beginning balance of Office Supplies was $3,400. During the year, Lindsey purchased office supplies for $4,900, and at December 31 the office supplies on hand total $1,200. (Assume that Lindsey debits an asset account when d. During December, Lindsey designed a landscape plan and the client prepaid $7,000. Lindsey recorded this amount as Unearned Revenue. The job will take several months to complete, and Lindsey estimates that the company has e. At December 31 , Lindsey had earned $5,500 for landscape services completed for Make Me Move Appliances. Make Me Move has stated that it will pay Lindsey on January 10. f. Depreciation for the current year includes Equipment, $4,000, and Trucks, $1,700. (Prepare a compound entry rersid denreciation on both the equipment and the trucks.) g I indsev has incurred $300 of interest expense on a $400 interest payment due on January 15. Requirement 2. Journalize the subsequent journal entries for adjusting entries a,d, and g. (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 Tuesday. Lindsey will pay its employees on January 3 . Journaliz d. During December, Lindsey designed a landscape plan and the client prepaid $7,000. Lindsey recorded this amount as Unearned 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 journal entry that Lindsey wil record when the job is complete. g. Lindsey has incurred $300 of interest expense on a $400 interest payment due on January 15. Journalize the subsequent journal entry that Lindsey will record on January 15

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