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Please prepare the following Exercise 3-7 Preparing adjusting entries LO P1, P3, P4 a. Wages of $14,000 are earned by workers but not paid as

Please prepare the following

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Exercise 3-7 Preparing adjusting entries LO P1, P3, P4 a. Wages of $14,000 are earned by workers but not paid as of December 31. b. Depreciation on the company's equipment for the year is $11,680. 1:. "he Office Supplies account had a $310 debit balance atthe beginning of December. During December, $5,878 of office supplies are purchased. A physical count of supplies at December 31 shows $637 of supplies available. 01. "he Prepaid Insurance account had a $5,000 balance at the beginning of December. An analysis of insurance policies shows that $2,600 of unexpired insurance benefits remain at December 31. e. "he company has earned (but not recorded) $750 of interest revenue for the year ended December 31. The interest payment will be received on 10 days after the yearend January 10. f. "he company has a bank loan and has incurred (but not recorded) interest expense of $4,000 for the year ended December 31. The company will pay the interest ve days after the year-end on January 5. For each ofthe above separate cases, prepare adjusting entries required offinancial statements for the year ended (date of] December 31. View transaction list Journal entry worksheet Wages of $14,000 are earned by workers but not paid as of December 31. Note: Enter debits before credilsl

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