P3-33A Journalizing adjusting entries and subsequent journal entries.

Problems Group A 333A Journalizing adjusting entries and subsequent journal entries rlandscaping has cllced he folowoing da for bhe Decomber 3l adusing ntrics Each Friday, Laughtcer pays employcs for the current wek' work. The amount of the weekly payolis $7,000 for a five day workweek. This year December 3 lls on a Wednesday aughter will pay it cemployes on January2 b. On Janury l of the current yeat, Laughter parchases an insurance policy chat overs two years,$9,000 c. The beginning balance of Office Supplics was $4,000 Duing the year Laughter purchased office supplics for $5,200,aaDeer 31 the office supplis on hand toal $2.,400. d. During December,Laughter dsigned a landsape plan and the dient prepaid $7,000. aughter rcordcd this amount as Uncarned Revcnuc. The job wil ake several months to complete, and Laughter estimates that the company ha camcd 40% of the total tevenuc during de cument year. e et erber3, Lagher ad camed $3 e eni compend Tunkcy Appliances. Tunkcy has sated chat they wilpay Laughter on January 1 f. Depreciation forche current year includes Equipment.S3 andTruckS100. Laughter has incurred $300of ncers eapense on a $450 intcrost paymend on January 15 Requirements I. Journalze the adjusting entry neded on Dccmber 31, for ach of che pevious msaffecing Lanughter Landaping, Assume Laughter records adfpustingcntris only at che end of the year 2Journalize the subsequent journal entries ior adrustingentresad and& P3-33A Requirement 1 only Date Accounts and Explanation Debit Credit a. Dec. 31 b. Dec. 31 c. Dec. 31 d. Dec. 3 e. Dec. 31 f. Dec. 31