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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. Wages of $9.000 are
Required information Use the following information for the Exercises below. (Algo) [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 $11,800. c. The Supplies account had a $380 debit balance at the beginning of the year. During the year. $60 purchased. A physical count of supplies at December 31 shows $657 of supplies available d. The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An analysis of in shows that $2.100 of unexpired insurance benefits remain at December 31. e. The company has earned (but not recorded) $600 of interest revenue for the year ended December 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 me December 31. The company will pay the interest five days after the year-end on January 5 Solving Assignment - Chapter 3 Saved Ho E. THE CU DOUICUcu) UUU ULCICUCVCHIUCrui urie yCoi crucu vecme I HERCIO 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. Exercise 3-9 (Algo) Preparing adjusting entries LO P1, P3, P4 For each of the above separate cases, prepare adjusting entries required of financial statements for the year ended December Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal Required information Use the following information for the Exercises below. (Algo) [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 $11,800. c. The Supplies account had a $380 debit balance at the beginning of the year. During the year. $60 purchased. A physical count of supplies at December 31 shows $657 of supplies available d. The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An analysis of in shows that $2.100 of unexpired insurance benefits remain at December 31. e. The company has earned (but not recorded) $600 of interest revenue for the year ended December 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 me December 31. The company will pay the interest five days after the year-end on January 5 Solving Assignment - Chapter 3 Saved Ho E. THE CU DOUICUcu) UUU ULCICUCVCHIUCrui urie yCoi crucu vecme I HERCIO 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. Exercise 3-9 (Algo) Preparing adjusting entries LO P1, P3, P4 For each of the above separate cases, prepare adjusting entries required of financial statements for the year ended December Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal
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