Required informationFor each transaction of Sealy Company, $($a$)$ determine whether or not Sealy owns the goods during transit. $($b$)$ If Sealy is responsible for

transportation costs, record the entry for shipping costs assuming they are paid in cash and the perpetual inventory system is used.

Complete this question by entering your answers in the tabs below.

Required B

If Sealy is responsible for transportation costs, record the entry for shipping costs assuming they are paid in cash and the perpetual

inventory system is used.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

Sold goods FOB destination. Transportation costs are $$220.$

Note: Enter debits before credits.

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

a$.$ Wages of $$6,000$ are earned by workers but not paid as of December $31.$

b$.$ Depreciation on the company's equipment for the year is $$11,560.$

c$.$ The Supplies account had a $$380$ debit balance at the beginning of the year. During the year, $$4,879$ of supplies

are purchased. A physical count of supplies at December $31$ shows $$538$ of supplies available.

d$.$ The Prepaid Insurance account had a $$5,000$ balance at the beginning of the year. An analysis of insurance

policies shows that $$2,000$ of unexpired insurance benefits remain at December $31.$

e$.$ The company has earned $($but not recorded$)$ $$650$ of interest revenue for the year ended December $31.$ The

interest 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 $$5,000$ for the year ended

December $31.$ The company will pay the interest five days after the year$-$end on January $5.$

For each of the above separate cases, prepare adjusting entries required of financial statements for the year ended December $31.$

Journal entry worksheet

Wages of $$6,000$ are earned by workers but not paid as of December $31.$

Note: Enter debits before credits.