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Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] a. Depreciation on the
Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] a. Depreciation on the company's wind turbine equipment for the year is $5,100. b. The Prepaid Insurance account for the solar panels had a $2,100 debit balance at December 31 before adjusting for the costs of any expired coverage. Analysis of prepaid insurance shows that $650 of unexpired insurance coverage remains at year-end. c. The company received $3,300 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, $1,300 in wages expense for the organic produce workers has been incurred but not yet paid. e. As of December 31, the company has earned, but not yet recorded, $410 of interest revenue from investments in socially responsible bonds. The interest revenue is expected to be received on January 12. Exercise 3-13 (Algo) Preparing adjusting entries LO P1, P2, P3, P4 For each of the above separate cases, prepare the required December 31 year-end adjusting entries. View transaction list Journal entry worksheet < 1 2 3 4 5 >
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