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Question 3 (of 6) 3. 083 points E4-8 Recording Typical Adjusting Journal Entries [LO 4-1, LO 4-2, LO 4-6 Jaworski's Ski Store is completing the

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Question 3 (of 6) 3. 083 points E4-8 Recording Typical Adjusting Journal Entries [LO 4-1, LO 4-2, LO 4-6 Jaworski's Ski Store is completing the accounting process for its first year ended December 31, 2015. The transactions during 2015 have been journalized and posted. The following data are available to determine adjusting journal entries: a. The unadjusted ba in Supplies was $750 at December 31, 2015. The unadjusted balance in Supplies Expense was $0 at December 31, 2015. A year-end count showed $110 of supplies on hand. r 31, 2015, b. Wages earned by employees during r 2015, unpaid and u amounted to $2,700. The last paychecks were issued December 28; the next payments will be made on January 6, 2016. The unadjusted balance in Salaries and Wages Expense was $30,000 at December 31, 2015. A portion of the store's basement is now being rented for $1,000 per month to K. Frey. On November 1, c. It was credited in full to Revenue when collected. The unadjusted balance in Rent Revenue was SO at 31, 2015 d. The store purchased d at the 2015 is $1,000, although none has been recorded yet. paid in the 1 to June 30, 2015. for work completed amounting to $650. This amount has not yet been recorded as Service Revenue. d balance in Prepaid Insurance was $2,400. This was the amount balance in Insurance Expense was $300, which was the cost of insurance from January s store did some ski repair work for Frey. At the end of December 31, 2015, Frey had not paid e. On 31, 2015, the policy with coverage beginning on July 1, 2015. is expected during January 2016. Required For each situation, prepare the adjusting journal entry that Jaworski's should record at December 31, 2015 (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) tion list

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