journalize the adjusting entry needed at December 31, the end of the current account in your, for each of the following independent cases affecting waterfall heights Inc. No other adjusting entries have been made for the year. Record debits first then credits.

More info a. Prior to making the adjusting entry on December 31, the balance in Prepaid insurance is $6,000. Waterfall Heights, Inc., pays liability insurance each year on June 1. b. Waterfall Heights, Inc., pays employees each Friday. The amount of the weekly payroll is $12,500 for a five-day workweek. December 31, the fiscal year-end, is a Wednesday. c. Waterfall Heights, Inc., received notes receivable from some customers for services provided. For the current year, accrued interest amounts to $640 and will be collected next year. d. The beginning balance of Supplies was $1,600. During the year, $3,700 of supplies were purchased. At December 31, the supplies on hand total $2,300. e. During the year, Waterfall Heights, Inc., received $15,400 in advance for services to be provided at a later date. As of December 31, Waterfall Heights, Inc., earned $10,500 of the total fees received in advance during the current year. f. Depreciation for the current year includes Vehicles, $2,910, and Equipment, $1,600. Print Done - Joumalize the adjusting entry needed at December 31, the end of the curent accounting year, for each of the following independent cases affecting Waterfall Heights, Inc. No other aduating antes have t (Recont debits first, then credits Exclude explanations from any journalis) Click the lose to view the independent cases) Dec Date De Journal Entry Accounts Date Debit b. Waterfall Heights, the pays employees ch Friday The amount of the weekly pay is $12.500 for a five-day wokak December 31, Journal Entry Accounts Credit Deb Credit food year end Wedne made for the year e. Waterfall Heights, Inc received notes receivable from some customers for services provided. For the current year, accrued interest amounts to $640 and will be collected next year Journal Entry Accounts Dec Date Dec Deb d. The beginning balance of Supplies was $1,800. During the year, $3,700 of supplies were purchased Al December 31, the supplies on hand tut $2.300 Journal Entry Accounts Date Credit Deb Crede e. During the year, Waterfall Heights, Inc, received $15.400 in advance for services to be provided at a later dates. As of December 31, Waterfall Heights, Inc., eamed $10,000 of the total fees monived in advance during the year Dec Date Dec Journal Entry Accounts Date Debit t. Depreciation for the current year includes Vehicles, 13.010, and Equipment, $5.000. Make a compound entry Journal Entry Accounts Cred Debit Cred