Quan 3 Incotriplektaswer Marked out of 24.00 P Flag ques.ion Preparing and Journalizing Adjusting Entries For each of the following separate situations, prepare the necessary adjustments (a) using the financial Statement effects template and (b) in journal entry form. 1. Unrecorded depreciation on equipment is $2.440. 2. On the date for preparing financial statements, an estimated utilities expense of $1.560 has been incurred, but no utility bill has yet been received or paid. 3. On the first day of the current period, rent for four periods was paid and recorded as a $11.200 debit to Prepaid Rent and a $11.200 credit to Cash. 4. Nine months ago, The Hartford Financial Services Group sold a one year policy to a customer and recorded the receipt of the premium by deblting Cash for 52,496 and crediting Contract Liabilities for $2,496. No acjusting entries have been prepared during the nine month period. Hartford's annual financial statements are now being prepared. 5. At the end of the period, employee wages of $3,860 have been incurred but not yet paid or recorded. 6. At the end of the period, $1,200 of interest income has been earned but not yet received or recorded, (a) using the financial statement effects template (b) in journal entry form Financial statements efferes template Journal entries Income Statement Cash Asset + 0 + Revenues Earned Capital -2440 Noncash Asset 2 2 3 9 Contrib. Capital + 9 + O + + 0 + Balance Sheet Contra Asset - Liabilities + - 2440 - 0 + 0- 0 + 0- 0 + 0 0- 0 0 01 0 0 Transaction (1) Adjusting entry for depreciation: equiprient (2) Adjusting entry for utilities expens (3) Adjusting entry for rent expense (4) Adjusting entry for premium revenues (5) Adjusting entry for wage expense (5) Adjusting entry for interest earned Please answer all parts of the question 0 2 0+ 01 Expenses - Net Income 2440 -2440 0 0- 0 0 0 0 0 0 0- 0 0 0- 0 1 0 3 9. 01 0+ 0 0 5 0+