ch3.9

Ch 3. Assignment Help Save & Exit Submit Check my work 9 4 Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below) S a. Wages of $10.000 are eamed by workers but not paid as of December 31 b. Depreciation on the company's equipment for the year is $10,960. c. The Supplies account had a $450 debit balance at the beginning of the year. During the year $5.040 of supplies are purchased. A physical count of supplies at December 31 shows $554 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 $2,600 of unexpired insurance benefits remain at December 31 e. The company has earned (but not recorded) $800 of Interest revenue for the year ended December 31. The interest 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 expense of $5,000 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 Required information Journal entry worksheet Gints 1 2 3 4 5 6 Swed The Supplies account had a $450 debit balance at the beginning of the year. During the year, $5,040 of supplies are purchased. A physical count of supplies at December 31 shows $554 of supplies available. BOOK Hint Note: Enter debits before credits Print General Journal Transaction Debit Credit References C Record entry Clear entry View general journal Required information 4 points Journal entry worksheet Skloped The company has earned (but not recorded) $800 of interest revenue for the year ended December 31. The interest payment will be received 10 days after the year-end on January 10. eBook Hint Note: Enter debits before credits Print References Transaction General Journal Debit Credit Record entry Clear entry View general journal Required information 4 points Journal entry worksheet 3 2 4 5 6 Skipped The company has a bank loan and has incurred (but not recorded) interest expense of $5,000 for the year ended December 31. The company will pay the interest five days after the year-end on January 5. eBook Hint Note: Enter debits before credits Print Dobit Credit General Journal References Transaction 1 View general journal Clear entry Record entry