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Use the following information for the Exercises below. (Algo) The following information applies to the questions displayed below) a. Wages of $13.000 are earned by

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Use the following information for the Exercises below. (Algo) The following information applies to the questions displayed below) a. Wages of $13.000 are earned by workers but not paid as of December 31. b. Depreciation on the company's equipment for the year is $11,680. c. The Supplies account had a $310 debit balance at the beginning of the year. During the year, $4.902 of supplies are purchased. A physical count of supplies at December 31 shows $540 of supplies available. d. The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An analysis of insurance policies e. The company has earned (but not recorded) $800 of interest revenue for the year ended December 31. The interest payment will be received 10 days after the year-end on January 10. The company has a bank loan and has incurred (but not recorded) interest expense of $2,500 for the year ended December 31. The company will pay the interest five days after the year-end on January 5. xercise 3-10 (Algo) Analyzing adjusting entries using accounting equation LO P1, P3, P4 or each of the above separate cases, analyze each adjusting entry by showing its effects on the accounting equation-specifically, lentify the accounts and amounts (including increase or (-) decrease) for each transaction or event Assets Liabilities Equity 3

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