exercise 3-7 preparing adjusting entries LO P1 P3 P4

Aff... Apply Connect Homework [due Day 7] i oped Book 0 erences Exercise 3-7 Preparing adjusting entries LO P1, P3, P4 a. Wages of $5,000 are earned by workers but not paid as of December 31. b. Depreciation on the company's equipment for the year is $11,080. c. The Office Supplies account had a $480 debit balance at the beginning of December. During December, $5.132 are purchased. A physical count of supplies at December 31 shows $563 of supplies available. d. The Prepaid Insurance account had a $5,000 balance at the beginning of December. An analysis of Insurance po $1,700 of unexpired Insurance benefits remain at December 31. e. The company has earned (but not recorded) $700 of Interest revenue for the year ended December 31. The Intere be received on 10 days after the year-end January 10. f. The company has a bank loan and has incurred (but not recorded) Interest expense of $4,000 for the year ended company will pay the Interest five days after the year-end on January 5. For each of the above separate cases, prepare adjusting entries required of financial statements for the year ended December 31. View transaction list Journal entry worksheet