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Wages of $8,000 are earned by workers but not paid as of December 31. Depreciation on the company's equipment for the year is $10,000. The

  1. Wages of $8,000 are earned by workers but not paid as of December 31.
  2. Depreciation on the company's equipment for the year is $10,000.
  3. The Office Supplies account had a $360 debit balance at the beginning of the year. During the year, $4,770 of office supplies are purchased. A physical count of supplies at December 31 shows $527 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 $2,800 of unexpired insurance benefits remain at December 31.
  5. The company has earned (but not recorded) $750 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 $4,000 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.

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