Help all

a.	On July 1, 2015, a 3 year insurance premium on equipment in the amount of $600 was paid and debited
	in full to Prepaid Insurance on that date. Coverage began on July 1.
b.	At the end of 2015, the unadjusted balance in the Office Supplies account was $1,000. A physical
	count of supplies on 12/31/15 indicated supplies costing $200 were still on hand.
c.	On 12/31/15, Terry's Garage completed repairs on one of Murk's trucks at a cost of $800. The amount
	is not yet recorded. It will be paid during January 2016.
d.	On 12/31/15, the company completed a contract for an out of state company for $7950, payable by
	the customer within 30 days. No cash has been collected and no journal entry has been made.
e.	On June 1, 2015, the company purchased a new hauling van. Depreciation for July - December
	2015, estimated to total $27,500 has not been recorded.
f.	As of December 31, the company owes interest of $700 on a bank loan taken out on October 1, 2015.
	The interest will be paid when the loan is repaid on 10/31/2016. No interest has been recorded yet.
g.	Net income before taxes was $60,000. The company's federal income tax rate is 30%.
	Determine and record any income tax expense.

a.
b.
c.	Repair Expense	800
	Accounts Payable		800
d.	Accounts Receivable	7,950
	Revenue		7,950
e.
f.
g.