Prepare adjusting journal entries for the dog training business for the period ended December 31. December 31 One month of the 12-month, $3,600 insurance policy is expired by December 31. This leaves $3,300 not yet expired. A physical count of supplies on December 31 shows that only $1,200 of supplies remain of the $2,000 supplies purchased. December 31 December 31 The $6,000 of equipment purchased at the beginning of December has a useful life of 5 years and will be worth nothing at the end of 5 years (60 months). The business uses straight-line depreciation to allocate the $6,000 net cost over 60 months. On December 31, 1 month of depreciation must be recorded. December 31 The business agreed on December 23 to provide a 4-week training service to a customer for a fixed fee of $1,600 paid in advance. By December 31, the business has provided 1 of the 4 weeks of services and earned one-fourth of the fee. No revenue is yet recorded. View transaction list Journal entry worksheet 1 2 Date December 31: 3 One month of the 12-month, $3,600 insurance policy is expired by December 31. This leaves $3,300 not yet expired. Note: Enter debits before credits. Record entry 4 General Journal Clear entry Debit Credit View general journal

Prepare adjusting journal entries for the dog training business for the period ended December 31 December 31 One month of the 12-month, $3,600 insurance policy is expired by December 31 . This leaves $3,300 not yet expired. December 31 A physical count of supplies on Decenber 31 shows that only $1,200 of supplies remain of the $2,000 supplies purchased. Decenber 31 The $6,000 of equipment purchased at the beginning of December has a useful life of 5 years and will worth nothing at the end of 5 years ( 60 months). The business uses straight-line depreciation to allocate the $6,000 net cost over 60 months. On December 31,1 month of depreciation must be recorded. December 31 The business agreed on December 23 to provide a 4-week training service to a customer for a fixed fee of $1,600 paid in advance. By December 31 , the business has provided 1 of the 4 weeks of services and earned one-fourth of the fee. No revenue is yet recorded. Journal entry worksheet One month of the 12 -month, $3,600 insurance policy is expired by December 31. This leaves $3,300 not yet expired. Note: Enter debits before credits