Prepare adjusting journal entrles for the dog training business for the period ended December 31. December 31 One month of the 12 -month, $3,600 fosurance policy is explred by Decenber 31 . Thls Ieaves $3, 360 not yet explred. December 31 A physical count of supplies on December 31 shows that only $1,280 of supplies renain of the $2, ege supplies purchased. nothing at the end of 5 years ( 60 nontha). The business uses straight-1ine depreciation to a11ocate the $6, deo net cost over 69 months, On Decenber 31,1 month of depreciotion must be recorded. December 31 The business agreed on Decenber 23 to provide a 4 -week trafning-service to o custoner for a fixed fre of 31 , 600 . paid in advance. By December 31 , the business has provided 1 of the 4 weeks of services and earned one-tourth of the fee, in revenue is yet recorded. Journal entry worksheet 4 One month of the 12-month, $3,600 insurance policy is expired by December 31. This leaves $3,300 not yet expired. Hitei thiar debita before credits. Cycle Exercise 4: Record adjusting entries for accrued expenses and accrued revenues Prepare adjusting joumal entries for the dog training business for the period ended December 31. Decenber 32 On Decenber 31 , wages of $609 are owed to a part-tine employee for work done over the past 3 weeks. Those wages are not yet potd or recorded. The custoner agrees to pay the full $4,260 of the end of 6 ieeks when services are complete. Dy Decenber 31 , 2 weeks of services have been provided, but the business has not yot bilied the customer or recarded the 2 meeks af services provided. Journal entry worksheet 2 On December 31 , wages of $600 are owed to a part-time employee for work done over the past 3 weeks. Those wages are not yet paid or recorded. Hoteit finter detize before iredits