ework Sed Help Save & Exit Check Required information The following Information applies to the questions displayed below) Johnson's Boat Yard, Inc, repairs, stores, and cleans boats for customers. It is completing the accounting process for the year just ended on November 30. The transactions for the past year have been journalized and posted. The following data with respect to adjusting entries at year-end are available a. Johnson's winterized (cleaned and covered three bonts for customers at the end of November but did not record the service for $3,300 b. On October 1 Johnson's paid $2.200 to the local newspaper for an advertisement to run every Thursday for 12 weeks. All ads have been run except for three Thursdays in December to complete the 12-week contract. c. Johnson's borrowed $300,000 at an 11 percent annual interest rate on April to the current year to expand its boat storage facility. The loan requires Johnson's to pay the interest quarterly until the note is repaid in three years. Johnson's paid quarterly interest on July 1 and October 1, d. The Sanjeev family paid Johnson's $4,500 on November 1 to store its sailboat for the winter until May 1 of the next fiscal year. Johnson's credited the full amount to Unearned Storage Revenue on November 1 e. Johnson's used boat-ifting equipment that cost $180,000, 518,000 was the estimated depreciation for the current year Boat repale supplies on hand at the beginning of the current year totaled $18.900. Repair supplies purchased and debited to Supplies during the year amounted to $45200. The year-end count showed $15,600 of the supplies on hand 9. Wages of $5,600 earned by employees during November were unpaid and unrecorded at November 30. The next payroll date will be December of the next fiscal yeat 2. Prepare the adjusting entries that should be recorded for Johnson's at November 30, end of the current year, or no entry is required for a transactionlevent, select "No journal entry required in the first account field.) View transaction Kiel Journal entry worksheet 23 5 1 6 7 Johnson's Winterized (cleaned and covered three boots for customers at the end of November but did not record the service for $3,300 Nener det before credit Transaction General Journal De Credi Racord entry Check my w Required information {The following information applies to the questions displayed below. Trotman's Variety Store is completing the accounting process for the current year just ended, December 31. The transactions during the year have been journalized and posted. The following data with respect to adjusting entries are available: a. Wages earned by employees during December, unpaid and unrecorded at December 31, amounted to $2,700. The last payroll was December 28: the next payroll will be January 6. b. Office Supplies on hand at January 1 of the current year totaled $450. Office supplies purchased and debited to Office Supplies during the year amounted to $500. The year-end count showed $275 of supplies on hand. c. One-fourth of the basement space is rented to Kathy's Specialty Shop for $560 per month payable monthly. At the end of the current year, the rent for November and December had not been collected or recorded Collection is expected in January of the next year. d. The store used delivery equipment all year that cost $60.500, $12,100 was the estimated annual depreciation. e. On July 1 of the current year, a two-year insurance premium amounting to $2.400 was paid in cash and debited in full to Prepaid Insurance Coverage began on July 1 of the current year. 1. The remaining basement of the store is rented for $1,600 per month to another merchant, M. Carlos, Inc. Carlos sells compatible, but not competitive, merchandise. On November 1 of the current year, the store collected six months rent in the amount of $9,600 in advance from Carlos: it was credited in full to Unearned Rent Revenue when collected g. Trotman's Variety Store operates a repair shop to meet its own needs. The shop also does repairs for M. Carlos. At the end of the current year, Carlos had not paid $800 for completed repairs. This amount has not yet been recorded as Repair Shop Revenue Collection is expected during January of next year. 2. Prepare the adjusting entries that should be recorded for Trotman's Variety Store at December 31 of the current year (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) Viow transaction ist View joumal entry werk best Na Transaction General Journal Debit Credit 1 2.700 Wages expense Wages payable