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make journal entries for these fanacial statements Chapter 3 Assignment Discuss the Main Francia San signment A Saved Help a. Wages of $14,000 are earned
make journal entries for these fanacial statements
Chapter 3 Assignment Discuss the Main Francia San signment A Saved Help a. Wages of $14,000 are earned by workers but not paid as of December 31, b. Depreciation on the company's equipment for the year is $10,600. c. The Office Supplies account had a $490 debit balance at the beginning of the year. During the year, $6,483 of office supplies are purchased. A physical count of supplies at December 31 shows $698 of supplies available. d. The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An analysis of insurance policies shows that $2,100 of unexpired insurance benefits remain at December 31. e. The company has earned (but not recorded) $900 of interest revenue for the year ended December 31. The interest payment will be received 10 days after the year-end on January 10. f. The company has a bank loan and has incurred (but not recorded) interest expense of $3,000 for the year ended December 31. The company will pay the interest five days after the year-end on January 5. For each of the above separate cases, prepare adjusting entries required of financial statements for the year ended (date on December 31 View transaction list nces Journal entry worksheet > 2 6 5 34 Wages of $14,000 are earned by workers but not paid as of December 31, Note Enter debits before credits Debit Credit General Journal Transaction Step by Step Solution
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