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need help on practice problems! - More info a. Depreciation for the current year includes equipment, $2,300. b. Each Monday, College Park pays employees for
need help on practice problems!
- More info a. Depreciation for the current year includes equipment, $2,300. b. Each Monday, College Park pays employees for the previous week's work. The amount of weekly payroll is $4,900 for a seven-day workweek (Monday to Sunday). This year, December 31 falls on Thursday. c. The beginning balance of Office Supplies was $2,800. During the year, College Park purchased office supplies for $2,700, and at December 31 the office supplies on hand totaled $1,400. d. College Park prepaid a two full years' insurance on October 1 of the current year, $4,560. Record insurance expense for the year ended December 31. e. College Park had earned $3,600 of unearned revenue. f. College Park had incurred (but not recorded) $180 of interest expense on a note payable. The interest will not be paid until February 28. g. College Park billed customers $9,500 for welding services performed. Print Done OI a. Depreciation for the current year includes Equipment, $2,300. Date Accounts and Explanation Debit Credit (a) Dec. 31 b. Each Monday, College Park pays employees for the previous week's work. The amount of weekly payroll is $4,900 for a seven-day workweek (Monday to Sunday This year, December 31 falls on Thursday. Accounts and Explanation Debit Credit Date (b) Dec. 31 Step by Step Solution
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