Depreciation on the company s equipment for the year is computed to be $ 1 9, 0
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Depreciation on the companys equipment for the year is computed to be $
The Prepaid Insurance account had a $ debit balance at December before adjusting for the costs of any expired coverage. An analysis of the companys insurance policies showed that $ of unexpired insurance coverage remains.
The Supplies account had a $ debit balance at the beginning of the year, and $840 of supplies were purchased during the year. The December physical count showed $ of supplies available.
Twothirds of the work related to $ of cash received in advance was performed this period.
The Prepaid Rent account had a $ debit balance at December before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $ of prepaid rent had expired.
Wage expenses of $ have been incurred but are not paid as of December
Prepare adjusting journal entries for the year ended December for each separate situation.
Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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