Prepare Reversing Entries

Expo Company prepared the following adjusting entries at year end on December 31 , 207

5: 6 marks 10 minutes Expo Company prepared the following adjusting entries at year end on December 31, 20X7: (a) Interest Expense Interest Payable. (b) Unearned Service Service Revenue (c) Insurance Prepaid Insurance . (d) Interest Receivable Interest Revenue (e) Supplies Expense............... Supplies (f) Wages Expense Wages Payable . 300 1,500 1,500 1.200 1,200 150 150 250 250 3,000 3,000 In an effort to minimize errors in recording transactions, Expo Company tktilizes reversing entries, Prepare reversing entries.