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Required information [The following informaton applies to the questions duspatand ficlow] a. Wages of $10,000 ate earned by worken but not paid as of December
Required information [The following informaton applies to the questions duspatand ficlow] a. Wages of $10,000 ate earned by worken but not paid as of December 31 b. Depreciation on the company's equipment for the year is 511,440 . c. The Supplies account had a $310 debit balance at the beginning of the year. During the year, $5,563 of supplies are purchased A physical count of supplies at December 31 shows $606 of supplies available d. The Prepoid insurance account had a $5,000 balance at the begining of the yeat. An analysis of insurance policies shows that $3,400 of unexpired insurance benefits remain at December 31 e. The company has eamed (out not recorded) $500 of interest revenue for the vear ended Deciember 31 The interest payment wil be received 10 days affer the year-end on January 10 4. The company has a bank loan and has incured (out not recorded) inferest expense of 53.000 for the year ended December 31. The company wil pay the interest five days after the year-end on January 5 For each of the above separate cases, anplyze each adjunting entry by showng its effects on the accounting equation-specificaly
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