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Use the following information for the Exercises below. (Static)

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[The following information applies to the questions displayed below.]

1. Wages of $8,000 are earned by workers but not paid as of December 31.
2. Depreciation on the companys equipment for the year is $18,000.
3. The Supplies account had a $240 debit balance at the beginning of the year. During the year, $5,200 of supplies are purchased. A physical count of supplies at December 31 shows $440 of supplies available.
4. The Prepaid Insurance account had a $4,000 balance at the beginning of the year. An analysis of insurance policies shows that $1,200 of unexpired insurance benefits remain at December 31.
5. The company has earned (but not recorded) $1,050 of interest revenue for the year ended December 31. The interest payment will be received 10 days after the year-end on January 10.
6. The company has a bank loan and has incurred (but not recorded) interest expense of $2,500 for the year ended December 31. The company will pay the interest five days after the year-end on January 5.

Exercise 3-10 (Static) Analyzing adjusting entries using accounting equation LO P1, P3, P4

For each of the above separate cases, analyze each adjusting entry by showing its effects on the accounting equationspecifically, identify the accounts and amounts (including (+) increase or () decrease) for each transaction or event.

Exercise 3-10 (Static) Analyzing adjusting entries using accounting equation LO P1, P3, P4 For each of the above separate cases, analyze each adjusting entry by showing its effects on the accounting equation-specifically, identify the accounts and amounts (including (+) increase or (-) decrease) for each transaction or event. Assets Liabilities (+) increase Equity (-) decrease a. 0 = Interest payable 0 + Services revenue 0 b. 0 = decrease 0 + decrease 0 C. 0 = (+) increase 0 + 0 d. 0 = (+) increase 0 + 0 (+) increase (-) decrease (+) increase (+) increase e. 0 = 0 + 0 (+) increase decrease f. 0 = 0 + 0 Accumulated depreciation-Equipment Cash Depreciation expense-Equipment Equipment Insurance expense Interest expense Interest payable Interest receivable Interest revenue Prepaid insurance Services revenue Supplies Supplies expense Unearned revenue Wages expense Wages pavable