Seved Help 1 a. Depreciation on the company's equipment for the year is computed to be $13,000 b. The Prepaid Insurance account had a $8,000 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of the company's insurance policies showed that $1,200 of unexpired insurance coverage remains. c. The Office Supplies account had a $280 debit balance at the beginning of December, and $2,680 of office supplies were purchased in December . The December 31 physical count showed $330 of supplies available. d. Two-thirds of the work related to $12,000 of cash received in advance was performed this period. e. The Prepaid Rent account had a $5,400 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of rental policies showed that $4,200 of rental coverage had expired. f. Wage expenses of $5,000 have been incurred but are not paid as of December 31. 57:54 Prepare adjusting journal entries for the year ended (date of) December 31 for each of these separate situations. View transaction list Journal entry worksheet 1 6 > Depreciation on the company's equipment for the year is computed to be $13,000 Note: Enter debits before credits Transaction Credit General Journal Depreciation expense-Equipment Accumulated depreciation Equipment Debit 13,000 a. 13,000 Help S: a. Depreciation on the company's equipment for the year is computed to be $13,000. b. The Prepaid Insurance account had a $8,000 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of the company's Insurance policies showed that $1,200 of unexpired insurance coverage remains c. The Office Supplies account had a $280 debit balance at the beginning of December, and $2,680 of office supplies were purchased in December. The December 31 physical count showed $330 of supplies available. d. Two-thirds of the work related to $12,000 of cash received in advance was performed this period. e. The Prepaid Rent account had a $5,400 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of rental policies showed that $4,200 of rental coverage had expired. f. Wage expenses of $5,000 have been incurred but are not paid as of December 31. 00:57:29 Prepare adjusting journal entries for the year ended (date of) December 31 for each of these separate situations. View transaction list Journal entry worksheet The Office Supplies account had a $280 debit balance at the beginning of December; and $2,680 of office supplies were purchased in December. The December 31 physical count showed $330 of supplies available. Note: Enter debits before credits Debit Credit General Journal Transaction c. Journal entry worksheet 1 2 3 5 6 Two-thirds of the work related to $12,000 of cash received in advance was performed this period. Note: Enter debits before credits. Transaction General Journal Debit Credit d. View general journal Clear entry Record entry ants View transaction list 3 00:56:57 Journal entry worksheet 18 of 18
