o. Depreciation on the company's equipment for the year is computed to be $17,000 b. The Prepaid Insurance account had a $8,000 debit balance at December 31 before adjusting for the costs of any explred coverage. An analysis of the company's insurance policies showed that $1,900 of unexpired insurance coverage remains. c. The Supplles account had a $270 debit balance at the beginning of the year, and $2,680 of supplies were purchased during the year, The December 31 physical count showed $319 of supplies avallable. d. One third of the work related to $15,000 of cash received in advance was performed this period. e. The Prepaid Rent account had a $5,600 debit balance at December 31 before adjusting for the costs of expiredprepaid rent. An analysis of the rental agreement showed that $3,700 of prepaid rent had expired. f. Wage expenses of $5,000 have been incurred but are not paid as of December 31 . Prepare adjusting joumal entries for the year ended December 31 for each separate situation. Journal entry worksheet Note: Enter ilebts before Godits. Prepare adjusting journal entries for the year ended December 31 for qach separate situation. Journal entry worksheet 23456 Depreciation on the company's equipment for the year is computed to be $17,000. Note: Enter debits before credits: Prepare adjusting journal entries for the year ended December 31 for qach separate situation. Journal entry worksheet 6 The Prepaid Insurance account had a $8,000 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of the company's insurance policies showed that $1,900 of unexpired insurance coverage remains. Note: Enter debits before credits. Prepare adjusting journal entries for the year ended December 31 for each separate situation. Journal entry worksheet 6 The Supplies account had a $270 debit balance at the beginning of the year, and $2,680 of supplies were purchased during the year. The December 31 physical count showed $319 of supplies available. Note: Enter debits before credis. Prepare adjusting journal entries for the year ended December 31 for each separate situation. Journal entry worksheet 6 One-third of the work related to $15,000 of cash recelved in advance was performed this period. Note: Enter debits before credits. Prepare adjusting journal entries for the year ended December 31 for each separate situation. Journal entry worksheet 12 The Prepaid Rent account had a $5,600 debit balance at December 31 before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $3,700 of prepaid rent had expired. Note: Enter debits before credits. Prepare adjusting journal entries for the year ended December 31 for each separate situation. Journal entry worksheet Wage expenses of $5,000 have been incurred but are not paid as of December 31. Note: Enter debits before credits
