Office Equipment 12,000 debit

Office Supplies 2,400 debit

Accounts Payable 14,400 credit

For each of the following four separate cases, share adjusting entries required of financial statements

for the year ended (date of) December 31, 2018. (Assume that prepaid expenses are initially recorded in

asset accounts and that fees collected in advance of work are initially recorded as liabilities.).

Question A:

Wages of $9,000 are earned by workers but not paid as of December 31, 2018.

Question B:

The Office Supplies account had a $480 debit balance on December 31, 2017. During 2018, $5,349

of office supplies are purchased. A physical count of supplies at December 31, 2018, shows $587

of supplies available.

Question C:

The company has earned (but not recorded) $750 of interest from investments in CDs for the year ended

December 31, 2018. The interest revenue will be received on January 10, 2019.

Question D:

The Prepaid Insurance account had a $5,000 balance on December 31, 2017. An analysis of insurance policies shows t

hat $2,200 of unexpired insurance benefits remain at December 31, 2018.