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Read the reguiements Requirement 1. Journalize the adjusting entry needed on December 31 for each of the tems affecting Lindy Landscaping Assume Lindy records adjusting

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Read the reguiements Requirement 1. Journalize the adjusting entry needed on December 31 for each of the tems affecting Lindy Landscaping Assume Lindy records adjusting entries only at the end of the year (Record debits fst then credits Select the explanation on the last ine of the journal entry table) a. Each Friday, Lindy pays employees for the current week's work. The anmount of the weekly payrol is $9.000 for a five day workweek This year December 31 falls on a Tuesday Lindy will pay is employees on January 3 Date Accounts and Explanation Debit Credit Dec. 31 Choose from any list or enter any number in the input feids and then cick Check Answer pans remaning Clear Al Check Amer P type here to search TOSHIBA PRISC DEL MEAK ... TO ESC BACK SPACE HOME &. %23 7. ENTER eun More Info a. Each Friday, Lindy pays employees for the current week's work. The amount of the weekly payroll is $9,000 for a five-day workweek. This year December 31 falls on a Tuesday. Lindy will pay its employees on January 3. b. On January 1 of the current year, Lindy purchases an insurance policy that covers twa years, $6,000. c. The beginning balance of Office Supplies was $3,400. During the year, Lindy purchased office supplies for $5,100, and at December 31 the office supplies on hand total $3,000. d. During December, Lindy designed a landscape plan and the client prepaid $4,500. Lindy recorded this amount as Unearned Revenue. The job will take several months to complete, and Lindy estimates that the company has earned 40% of the total revenue during the current year. e. At December 31, Lindy had earned $6.000 for landscape services completed for Brimmfield Appliances. Brimmfield has stated that it will pay Lindy on January 10. f. Depreciation for the current year includes Equipment, $3.000; and Trucks, $2.000. g. Lindy has incurred $300 of interest expense on a $600 interest payment due on January 15. Print Done Clear All

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