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Date Review View Help Quichepoks Tell me what you want to do Calibri 11-AA X out e Copy Potte Format Painte Clipboere Wrap Tent Ger B TV ===Merge Center - Normal Conditional Formunt school Formatting Table Cacation Exploratory 15 Alignment Me Numbe Inseri @2 2 K B e D E E G 1 2. Please prepare the adjusting entries for the year-end Dec31, 2020. 3. Assume all the enginal entries had been recorded in the system. M N Purchase cost-Residue value Useful life 31-Dec-20 D. 4 Depreciation Experise Accumulated Depreciation offic 5 6 1 On lans, business bought one equipment for $36,000. The estimated useful life is vears with no residue value. ED z On Deesi, 2020, Business checked unexpired the insurance policy remaining 3,020. And business has $25,000 debit balance on prepaid insurance account at Decsi 2020 before any year-end adjusting entries 14 3 On Jani, The business has pais one an half year rent S$4,000. Now the first year has passed. 15 Please record the adjusting ents on Dec12020 On Jani 2020 the business had $920 debit balance. And the additional office 20 supplies $2,530 were purchased during the year. Now on Dec 31, 2020, there 21 were only $530 of supplies left over there on hand 27 24 5 Three-fourth of the work for $120,000 service fees received in advance has been performed 25 29 6 Apri, 2020 the business bought an auto for 562,000, its estimated useful life 30 is 4 years with residue value $4,000 at the end of its useful life 31 347 Dec31, 2020 the business found unrecorded and unpaid salary and wages for $9,500. 35 The owing amount will be paid in next week 36 39 & Please also record the jan31, 2021 salary 23,000 payment entry, also inclusive of the 40 unpaid salary part at Dec 31, 2020 from vasaron 7 22 Week 34 Examples WAT WE HER 41 copii She Paste B2 V- - Format Paintes Merge & Center - $ - % ) Clipboard Font Alignment Number 130 X 8 D E F G H 2 Please prepare the adjusting entries for the year-end Dec31, 2020. 3 Assume all the original enties had been recorded in the system. 5 1 On Jani, business bought one equipment for $36,000. The estimated useful life 6 is 5 years with no residue value. 7 9 2 On Dec31, 2020, Business checked unexpired the insurance policy remaining 10 3,020. And business has $25,000 debit balance on prepaid insurance account 11 at Dec31, 2020 before any year-end adjusting entries 12 14 3 On Jan1, The business has paid one an half year rent $54,000. Now the first year has passed. 15 Please record the adjusting entry on Dec 31, 2020 16 19 4 On Jani, 2020 the business had $920 debit balance. And the additional office supplies $2,530 were purchased during the year. Now on Dec 31, 2020, there 21 were only $530 of supplies left over there on hand 22 24 5 Three-fourth of the work for $120,000 service fees received in advance has been performed 296 Apri, 2020 the business bought an auto for $62,000, its estimated useful life is 4 years with residue value $4,000 at the end of its useful life 31 34 7 Dec 31, 2020 the business found unrecorded and unpaid salary and wages for $9,500. 35 The owing amount will be paid in next week. Please also record the Jan31, 2021 salary 23,000 payment entry, also inclusive of the unpaid salary part at Dec31, 2020 from transaction ? 9 2 20 11 2 3 Unmute Start Video Formatting Table C Styles M P N O Purchase cost-Residue value Useful life 31-Dec-20 Dr. Cr. Depreciation Expense Accumulated Depreciation-office equipment Activate Wine