a. Wages of $6,000 are earned by workers but not paid as of December 31. b. Depreciation on the company's equipment for

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A Wages Of 6 000 Are Earned By Workers But Not Paid As Of December 31 B Depreciation On The Company S Equipment For 1 (50.05 KiB) Viewed 6 times

a. Wages of $6,000 are earned by workers but not paid as of December 31. b. Depreciation on the company's equipment for the year is $10,240. c. The Supplies account had a $350 debit balance at the beginning of the year. During the year, $5,899 of supplies are purchased. A physical count of supplies at December 31 shows $640 of supplies available. d. The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An analysis of insurance policies shows that $1,700 of unexpired insurance benefits remain at December 31. e. 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. f. 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 December 31. View transaction list Journal entry worksheet < 1 2 3 Transaction a. Note: Enter debits before credits. 4 5 Wages of $6,000 are earned by workers but not paid as of December 31. 6 General Journal Debit Credit >