Required information The following information applies to the questions displayed below) Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Selected December January Transactions Started work for Telo Dec. 31 Year-End Fished Work for Telo Dec 1 Dec 7 Dec 13 Dec 24 Jan 5 Jan 12 December 1 Prepaid a 24 month insurance policy (coverage starting immediately) for $2,400 cash. Purchased Supplies Received Cash in Advance Wages Paid Additional Information as of December 31 Required information The following information applies to the questions displayed below) Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Selected December January Transactions Started Work for Telo Dec. 31 Year-End Finished Work for Telo Dec 1 Dec 7 Dec 13 Dec 24 Jan 5 Jan 12 December 7 Purchased supplies for $2,000 cash. Purchased Sup Received Cash in Advance Wages Paid Additional Information as of December 31 [The following information applies to the questions displayed below) Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Selected December-January Transactions Started work for Telo Dec. 31 Year-End Finished Work for Telo Purchased Insurance Dec 1 Dec 7 Dec 13 (Dec 24) Jan 5 Jan 12 December 13 Agreed to do $10,000 worth of work for Telo over the next 30 days. Payment is to be received when the work is completed on Jan. 12. urchased Su Received Cash in Advance Additional Information as of December 31 Wollowing information applies to the questions displayed below.) d Company began operations on December 1 and needs assistance in preparing December 31 financial statements, ding its year-end adjustments. The Tableau dashboard is provided to assist in the work. Selected December-January Transactions Started Work for Telo Dec. 31 Year-End Finished Work for Telo sed Insurance Dec 1 Dec 7 Dec 13 Jan 5 Jan 12 December 24 Received $4,000 cash in advance to perform work for ABX over the next four weeks. Purchased Supplies Received Cash in Advance Vlages Paid and Company began operations on December 1 and needs assistance in preparing December 31 financial statements, uding its year-end adjustments. The Tableau dashboard is provided to assist in the work Selected December-January Transactions Dec. 31 Year-End Started Work for Telo TOTT Dec 1 Dec 7 Dec 13 Dec 24 Jan 12 January 5 Paid wages of $800 cash to workers. Received Cash in Advance Wages Paid land Company began operations on December 1 and needs assistance in preparing December 31 financial statements, cluding its year-end adjustments. The Tableau dashboard is provided to assist in the work. Selected December January Transactions Started Work for Telo Dec. 31 Year-End Finished Work for Telo chased Insurance Dec 1 Dec 7 Dec 13 Dec 24 Jan 5 January 12 Received $10,000 cash from Telo for work performed over the last 30 days. Purchased Supplie Received Cash in Advance Wages Paid Additional Information as of December 31 Telo Job Completion at Year-End ABX Job Completion at Year-End Telo 60% Complete ABX 25% Complete Supplies Remaining at Year-End Wages Earned By Workers but not yet Paid at Year-End Supplies Remaining at Year-End: $700 Additional Information as of December 31 Telo Job Completion at Year-End ABX Job Completion at Year-End Telo 60% Complete ABX 25% Complete Supplies Remaining at Year-End Wages Earned By Workers but not yet Paid at Year-End Wages Earned By Workers but not yet Paid at Year-End: $500 tableau - S T +ableau 1. For each December 31 adjusting entry, indicate the account impacted along with the amount and direction (+ or -) of the effects on the accounting equation by filling in the following table. The first entry is completed Liabilities Equity -$100 Insurance expense -$100 Prepaid insurance Adjusting Entry a. Prepaid Insurance b. Supplies c. Accrued Wages d. Accrved Revenue e. Uneamed Revenue Prey 3 4 of 4 !! Next >
