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Sandhill Company has the following balances in selected accounts on December 31. Accounts Receivable Accumulated Depreciation-Equipment Equipment Prepaid Insurance Salaries and Wages Payable Supplies 1.

Sandhill Company has the following balances in selected accounts on December 31. Accounts Receivable Accumulated Depreciation-Equipment Equipment Prepaid Insurance Salaries and Wages Payable Supplies 1. 2. 3. $0 4. 0 9,000 All the accounts have normal balances. The information below has been gathered at December 31. 2,640 0 3,300 A count of supplies on December 31 indicates that supplies of $950 are on hand. Depreciation on the equipment for the year is $800. Sandhill Company paid $2,640 for 12 months of insurance coverage on June 1. Sandhill Company pays its employees total salaries of $9,200 every Monday for the preceding 5-day week (Monday through Friday). On Monday, December 29, employees were paid for the week ending December 26. All employees worked the last 3 days of the year.
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Sandhill Company has the foliowing balances in selected accounts on December 31 All the accounts have normal balances. The information below has been gathered at December 31. 1. A count of supplies on December 31 indicates that supplies of $950 are on hand. 2. Depreciation on the equipment for the vear is $800. 3. Sandhill Company paid $2,640 for 12 months of insurance coverage on June 1. 4. Sandhill Company pays its employees total salaries of $9.200 every Monday for the preceding 5 -day week (Mondwy through Friday. On Monday. December 29, employees were paid for the week ending December 26. All emplovees worked the lant 3 days of the vear. Sandhill Compary has the following balances in selected accounts on December 31. All the accounts have normal balances. The information below has been gathered at December 31 . 1. A count of s yolies on December 31 indicates that supplies of 5950 are on hand 2. Depreciation on the equipment for the year is $800. 3. Sandhill Company pald $2,440 for 12 months of insurance coverage on June 1. 4 Sandhill Company pays its emplovees total salaries of $9,200 every Monday for the preceding 5 -day week (Monday through Friday). On Mondy. December 29, employees were paid for the week ending December 26. All employees worked the last 3 days of the year Prepare adjusting entries for the four items described above. (Credit eccount tibles are automatically indented when the anount ls entered. Do not indent monualy

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