Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information [The following information applies to the questions displayed below.] a. Wages of $9,000 are earned by workers but not paid as of December

Required information [The following information applies to the questions displayed below.] a. Wages of $9,000 are earned by workers but not paid as of December 31. b. Depreciation on the company's equipment for the year is $10,720. c. The Supplies account had a $400 debit balance at the beginning of the year. During the year, $5,054 of supplies are purchased. A physical count of supplies at December 31 shows $555 of supplies available. d. The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An analysis of insurance policies shows that $1,900 of unexpired insurance benefits remain at December 31. e. The company has earned (but not recorded) $950 of interest revenue for the year ended December 31. The interest payment will be received 10 days after the year-end on January 10. f. The company has a bank loan and has incurred (but not recorded) interest expense of $3,000 for the year ended December 31. The company will pay the interest five days after the year-end on January 5. For each of the above separate cases, prepare adjusting entries required of financial statements for the year ended December 31. View transaction list Journal entry worksheet 1 2 3 4 5 6 Wages of $9,000 are earned by workers but not paid as of December 31. < Prev 7 of 10 Next > f. The company has a bank loan and has incurred (but not recorded) interest expense of $3,000 for the year ended December 31. The company will pay the interest five days after the year-end on January 5. For each of the above separate cases, prepare adjusting entries required of financial statements for the year ended December 31. View transaction list Journal entry worksheet 1 2 3 4 5 6 Wages of $9,000 are earned by workers but not paid as of December 31. Note: Enter debits before credits. Transaction a. General Journal Debit Credit Record entry Clear entry View general journal < Prev 7 of 10 Next > December 31. The company will pay the interest five days after the year-end on January 5. ded) interest expense of $3,000 for the year ended For each of the above separate cases, prepare adjusting entries required of financial statements for the year ended December 3 View transaction list Journal entry worksheet < 1 2 3 4 5 6 Depreciation on the company's equipment for the year is $10,720. Note: Enter debits before credits. Transaction b. General Journal Debit Credit View general journal Record entry Clear entry 3A%252F%252Few E 7 December 31. The company will pay the rest days after the year-end on January Journal entry worksheet The N During the d the beginning of the yo Prev > 1 . 6 4 4 2 4 5 B 7 S F Q W E R T Y D A S D F G H N L x C V B N M x command K 9 x Content Question 7-Ch 3 Hawk X theducation.com/ext/map/index.html con condesternal browserio&auncht-help%253A%252F%252F A flyer T Cussions in F. Fatal conc Homework Exercises r The company has a bank loan and has incurred but not recorded) interest expense of $3.00 December 31. The company will pay the interest five days after the year end on January 5 For each of the above separate cases, prepare adjusting entries required of financial statements for the N Journal entry worksheet The Prepaid urance account had a $5,000 balance at the begining of the year An analysis of insurance policies shows that $1,900 insurance bereft remain at December 31 2 13 1 4 25 T W E R T S x H command D Cell 3 6 NO Y E Nod > 47 C PM 9 a 8 D F G H J 1 T S C V B N M Cont Question-Ch education.com/exmapindex.htm conecon&external, browsers0&launchUrtanttp%253A%252F%252Frewce Aayer Concussions F6 ork Exercises f 20 The company has a bank loen and has incumed (but not recorded) interest expense of $3,000 for t December 31. The company will pay the interest five days after the year-end on January 5 For each of the above separate cases, prepare adjusting entles required of financial statements for the year W S Journal entry worksheet The company has earned (but not recorded) 1950 of interest venue for the year ended December 31. The interest payment will be received 10 days after the year-end on January 10 x 20 * 3 M De C General J < Pre Next >> IPP 2 $ TL 19 4 5 ** 6 6 NP 7 B E R T Y D 1 D F G V H J B N M Conta Question 7 Ch 3H mheducation.com/estandes coconexternal browser253A%252F%252Fewco ework Exercises The company has a bank loan and has incurred but not recorded interest expense of $3.000 for the December 31 The company will pay the interest five days aher the year end on January For each of the above separate cases, prepare adjusting eeries required of financial statements for the year er Journal entry worksheet The company has a bank loan and has incumed (but not recond expense of $3,000 for the year ended December 11. The company will pay the Ware five days after t year end on January Ga N G wal > 7 B EL F G H [ X C V B N " 9 M K 910 Content Question 8-Ch 3 Homework omheducation.com/ext/mas/index.htm? conscon&external browser=0&launchurl http%253A%252F%252Fnewco A Football Concussions in Fa. Fotbal concuss. High School Footb Football Players nework Exercises O AF Co The following information apples to the questions displayed below) Depreciation on the company's wind turbine equipment for the year is $5,500 b. The Prepeid Insurance account for the solar panels had a $2,500 debit balance at December 31 before adjusting for the costs of any expired coverage Analysis of prepaid insurance shows that $850 of unexpired insurance coverage remains at year-end The company received $4,500 cash in advance for sustainability consulting work. As of December 31, one-third of the sustainability consulting work had been performed d. As of December 31, $1700 in wages expense for the organic produce workers has been incurred but not yet paid As of December 31, the company has eamed, but not yet recorded, $450 of interest revenue from investments in socially responsible bonds. The interest revenue is expected to be received on January 12 For each of the above separate cases, prepare the required December 31 year-end adjusting es Journal entry worksheet 5 Depreciation on the company's wind turbine epment for the year is 1,500 De bere fraction Oral al Creat FA W 2 13 $ 3 4 5 G 77 B 9 O Q W E R T Y 9 1 O P A S D N x C LL F G H J K L B N M Content Question 8-Ch 3 Homework X education.com/ext/map/index.html?_concon&external browser=0&launchUrlihttps%253A%252F% men. Login Football Players A Football Player T Concussions in Fo. Football conc work Exercises socially responsible bonds. The interest revenue is expected to be received on Januar For each of the above separate cases, prepare the required December 31 year-end adjusting ent Journal entry worksheet < 1 2 2 Prepaid Insurance account for the solar panels had a $2,500 debit balance at December 31 before adjusting for the costs of any expired coverage. Analysis of prepaid insurance shows that $50 of unexpired insurance coverage remains at year-end Transaction 43 General Jal De Cre PE S 4 Clear entry 14 W E R S X H 20 command D C LL F View journal 8. 10 T V G t 6 r " 2 47 Y U H B N B Content Question 8 Ch 3 Homework i education.com/ext/mapindex.html?_concon&extamal browser=0&launchUrishttp%253A%252F%252Fne Login Footbal Players AFotbal Payer Concussions in Fo Football concurs C rk Exercises socially responsible bonds. The interest revenue is expected to be received on January 12 For each of the above separate cases, prepare the required December 31 year end adjusting entries IN 2 2 S Journal entry worksheet 1 2 3 The company received $4,500 cash in ads for sustainability consulting work. As of December 31, one-third of theustainability consulting work had been performed X H command W 3 4 515 14 D Owe < Per Nood > 3 C 6 E R T Y D F SP 7 B D G H J C V B Question 8-Ch 3 Homework X + Concussions in Fe. Football cond tomheducation.com/ext/map/index.htm?concon&extemal browser &aunches%253A%252F DexPro Content Shippuden Login Football Players A Football Player Homework Exercises 0 socially responsible bonds. The interest revenue is expected to be received on Janua For each of the above separate cases, prepare the required December 31 year-end adjusting ens Journal entry worksheet 1 2 3 As of December 11, $1,700 in wages expense for the organic produce workers has been incurred but not yet paid 2 EN 2 W N S General Jethal Deb Cruse +3 X Chery 4 10 2 Prev >> wal Next>> 52 N 4 5 6 7 B E R T Y 2 2 command D F G H C V Content tomheducation.com/e/map/index.htm? conncon&external browser &launchUrishttp%253A%252F%252 Question 8 Ch 2 How Cansons in Fo. Fo Foobal Players A Fotbal Player mework Exercises 0 socially responsible bonds. The interest revenue is expected to be received on January 12 For each of the above separate cases, prepare the required December 31 year-end adjusting entries Journal entry worksheet As of December 11, the company has eamet, but not yet record $450 of interest revenue from investments in socially responsible tends the interest revere is expected to be received on January 12 30 2 F 2 Z W N S Cle LLI E 14 D Da Cre < Prev 1 10 Ne> T T 5 Ain A 17 10 8 er 7 4 R T Y U X C x FI V G H 8 B N

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Design And Maintenance Of Accounting Manuals

Authors: Harry L. Brown

3rd Edition

0471253685, 978-0471253686

More Books

Students also viewed these Accounting questions

Question

What are the five sources of cost advantage? Discuss.

Answered: 1 week ago