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unddjusted Dalarice iT Reit Reven d. The store purchased delivery equipment at the beginning of the year. The estimated depreciation for 2018 is $1,500, although
unddjusted Dalarice iT Reit Reven d. The store purchased delivery equipment at the beginning of the year. The estimated depreciation for 2018 is $1,500, although none has been recorded yet e. On December 31, 2018, the unadjusted balance in Prepaid Insurance was $2,700. This was the amount paid in the middle of the year for a two-year insurance policy with coverage beginning on July 1, 2018 f. Jaworski's store did some ski repair work for Frey. At the end of December 31, 2018, Frey had not paid for work completed amounting to $700. This amount has not yet been recorded as Service Revenue. Collection is expected during January 2019. Required For each situation, prepare the adjusting journal entry that Jaworski's should record at December 31, 2018. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Answer is complete but not entirely correct. Transaction Credit No General Journal Debit Supplies Expense 680 a 680 Supplies 3,200 2 Salaries and Wages Expense 3,200 Salaries and Wages Payable Deferred Revenue 2,100 3 C 2,100 Rent Revenue Depreciation Expense 1,500 4 1,500 Accumulated Depreciation 2,700 X Insurance Expense 2,700 Prepaid Insurance 700 6 f Accounts Receivable 700 Service Revenue
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