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please help me solve this Consider the following situations for Perryville Weiding Services: 1. (Click the icon to view the situations.) Journalize the adjusting entry
please help me solve this
Consider the following situations for Perryville Weiding Services: 1. (Click the icon to view the situations.) Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the joumal entries. (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) a. Depreciation for the current year includes Equipment, $2,400. b. Each Monday, Perryville pays employees for the previous week's work. The amount of weekly payroll is $4,200 for a seven-day workweek (Monday to Sunday). This year, December 31 falls on Thursday. c. The beginning balance of Office Supplies was $2,000. During the year, Perryville purchased office supplies for $3,200, and at December 31 the office supplies on hand totaled $1,300. (Assume that Perryville debits an asset acoount when supplies a. Depreciation for the current year includes equipment, $2,400. b. Each Monday, Perryville pays employees for the previous week's work. The amount of weekly payroll is $4,200 for a seven-day workweek (Monday to Sunday). This year, December 31 falls on Thursday. c. The beginning balance of Office Supplies was $2,000. During the year, Perryville purchased office supplies for $3,200, and at December 31 the office supplies on hand totaled $1,300. d. Perryville prepaid a two full years' insurance on October 1 of the current year, $4,800. Record insurance expense for the year ended December 31 . e. Perryville had earned $3,600 of unearned revenue. f. Perryville had incurred (but not recorded) $200 of interest expense on a note payable. The interest will not be paid until February 28. g. Perryville billed customers $5,000 for welding services performed Step by Step Solution
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