- Required Information Use The Following Information For The Exercises Below Algo The Following Information Applies To 1 (37.19 KiB) Viewed 29 times
Required information Use the following Information for the Exercises below. (Algo) The following information applies to the
questions displayed below) 6. Wages of $11.000 are earned by workers but not paid as of December 31 b. Depreciation on the
company's equipment for the year is $11,000 c. The Supones account had a $320 debit balance at the beginning of the year. During the year. $4.828 of supplies are purchased. A physical count of supplies at December 31 shows $533 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 $1.500 of unexpired Insurance benefits remain at December 31 e. The
company has emed (but not recorded) $950 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 Exercise 3-9 (Algo) Preparing adjusting entries LO P1, P3, P4 For each of the above separate cases, prepare adjusting entries required or financial statements for the year ended December 31 Mowbransaction Journal entry worksheet