Check Required information Use the following information for the Exercises below. (Algo) [The following information appl

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Check Required Information Use The Following Information For The Exercises Below Algo The Following Information Appl 1 (46.28 KiB) Viewed 71 times

Check Required information Use the following information for the Exercises below. (Algo) [The following information apples to the questions displayed below) a. Wages of $11,000 are eamed by workers but not paid as of December 31 b. Depreciation on the company's equipment for the year is $11,000 c. The Supplies account had a $320 debit balance at the beginning of the yeac During the year $4,828 or supplies are purchased. A physical count of supplies at December 31 shows $533 of supplies available d. The Prepold Insurance account hed a $5.000 balance at the beginning of the year An analysis of insurance policies shows that $1,500 of unexpired Insurance benefits remain at December 31 e. The company has earned (but not recorded $950 of interest revenue for the year ended December 31. The interes payment will be received 10 days after the year-end on January 10 1. The company has a bank loan and has incurred but not recorded interest expence of $3.500 for the year ended December 31. The company will pay the interest five days after the year end on January 5. Exercise 3-10 (Algo) Analyzing adjusting entries using accounting equation LO P1, P3, P4 For each of the above separate cases, analyze each adjusting entry by showing its effects on the accounting equation-soecificaly Identify the accounts and amounts including increate or decrease for each transacson or event EN Labs Assets