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This question: 2 0 point ( S ) possible Consider the following situations for Taneytown Welding Services clew the situations entry table ) a .

This question: 20 point(S) possible
Consider the following situations for Taneytown Welding Services
clew the situations entry table)
a. Depreciation on the equipment for the current year is $2,000.
\table[[Date,Accounts and Explanation,Debit,Credit],[(a) Dec 31],[,,,],[,,,],[,,,],[,,,]]
b. Each Monday, Taneytown Welding Services pays employees for the previous week's work. The amount of weekly payroll is $5,600 for a seven-day workweek (Monday to Sunday). This year, December 31 falls on Thursday.
\table[[Date,Accounts and Explanation,Debit,Credit],[(b) Dec. 31],[,,Hifer,reterg],[,,,G],[,,8,7],[,,,]]
c. The beginning balance of Supplies was $2,300. During the year, Taneytown Welding Services purchased supplies for $3,300, and at December 31 the supplies on hand totaled $1,600.(Assume that Taneytown Welding Services debits an asset account when supplies are purchased.)
\table[[Date,Accounts and Explanation,Debit,Credit],[(c) Dec. 3,,,]]
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