Save & Exit Subr Check my works Exercise 3-3 (Algo) Preparing adjusting entries LO P1, P2, P3 a. Depreciation on the company's equipment for the year is computed to be $14,000. b. The Prepaid Insurance account had a $9,000 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of the company's insurance policies showed that $530 of unexpired insurance coverage remains. c. The Supplies account had a $510 debit balance at the beginning of the year, and $2,680 of supplies were purchased during the year. The December 31 physical count showed $602 of supplies available. d. Three-fourths of the work related to $13,000 of cash received in advance was performed this period. e. The Prepaid Rent account had a $6,000 debit balance at December 31 before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $5,470 of prepaid rent had expired. f. Wage expenses of $4,000 have been incurred but are not paid as of December 31. Prepare adjusting journal entries for the year ended December 31 for each separate situation. View transaction list Journal entry worksheet 1 2 3 4 5 6 Required information Use the following information for Exercises 17-18 below. (Algo) [The following information applies to the questions displayed below.) The following adjusted year-end trial balance at December 31 of Wilson Trucking Company. Cash Account Title Accounts receivable Debit $ 8,700 Credit 16,500 Office supplies Trucks Land Accumulated depreciation-Trucks Accounts payable 2,000 156,000 $ 32,136 75,000 12,700 Interest payable Long-term notes payable 3,000 52,000 Common stock 15,252 Retained earnings" 138,500 Dividends 19,000 Trucking revenue 112,000 Depreciation expense-Trucks 20,728 Salaries expense 52,528 office supplies expense 5,500 Repairs expense-Trucks) Totals 9,632 $365,588 $365,588 Required information, Use the following information for Exercises 17-18 below. (Algo) [The following information applies to the questions displayed below.] The following adjusted year-end trial balance at December 31 of Wilson Trucking Company. Account Title Cash Debit $ 8,700 Credit Accounts receivable Office supplies 16,500 2,000 Trucks Land 156,000 Accumulated depreciation-Trucks $ 32,136 75,000 Accounts payable Interest payable 12,700 3,000 Long-term notes payable 52,000 Common stock 15,252 Retained earnings 138,500 Dividends. 19,000 Trucking revenue 112,000 Depreciation expense-Trucks 20,728 Salaries expense 52,528 Office supplies expense 5,500 Repairs expense-Trucks 9,632 Totals AN LO 5 < Prev tv $365,588 $365,588 9 3 of 3 Next MacBook Air NA W