1. Wages of $12,000 are earned by workers but not paid as of December 31.
2. Depreciation on the companys equipment for the year is $10,000.
3. The Office Supplies account had a $420 debit balance at the beginning of the year. During the year, $6,468 of office supplies are purchased. A physical count of supplies at December 31 shows $697 of supplies available.
4. The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An analysis of insurance policies shows that $2,300 of unexpired insurance benefits remain at December 31.
5. The company has earned (but not recorded) $600 of interest revenue for the year ended December 31. The interest payment will be received 10 days after the year-end on January 10.
6. The company has a bank loan and has incurred (but not recorded) interest expense of $3,500 for the year ended December 31. The company will pay the interest five days after the year-end on January 5.

For each of the above separate cases, prepare adjusting entries required of financial statements for the year ended (date of) December 31.

Journal entry worksheet 4 5 Wages of $12,000 are earned by workers but not paid as of December 31. Note: Enter debits before credits. Transaction General Journal Credit Debit 12,000 a. Wages expense Wages payable 12,000 Record entry Clear entry View general journal