Check my work 1 Exercise 3-6 Preparing adjusting entries LO P1, P2, P3 a. Depreciation on the company's equipment for th

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Check My Work 1 Exercise 3 6 Preparing Adjusting Entries Lo P1 P2 P3 A Depreciation On The Company S Equipment For Th 1 (41.69 KiB) Viewed 53 times

Check my work 1 Exercise 3-6 Preparing adjusting entries LO P1, P2, P3 a. Depreciation on the company's equipment for the year is computed to be $15,000 b. The Prepaid Insurance account had a $8.000 debit balance at December 31 before adjusting for the costs of any expired coverage An analysis of the company's insurance policies showed that $1,980 of unexpired insurance coverage remains c. The Office Supplies account had a $560 debit balance at the beginning of December, and $2,680 of office supplies were purchased in December. The December 31 physical count showed $661 of supplies available, d. One-fifth of the work related to $10,000 of cash received in advance was performed this period e. The Prepaid Rent account had a $5,200 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of rental policies showed that $3,220 of rental coverage had expired f. Wage expenses of $2,000 have been incurred but are not paid as of December 31 Hint Prepare adjusting journal entries for the year ended (date on December 31 for each of these separate situations. View transaction ist Journal entry worksheet 1 2 3 4 5 6 Prey 1 of 2 Next > w