Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)

a. Depreciation for the current year includes Equipment,

$ 2 comma 500$2,500.

Date	Accounts and Explanation	Debit	Credit
(a) Dec. 31

Part 2b. Each Monday,

GalestownGalestown

pays employees for the previous week's work. The amount of weekly payroll is

$ 6 comma 300$6,300

for a seven-day workweek (Monday to Sunday). This year, December 31 falls on

ThursdayThursday.

Date	Accounts and Explanation	Debit	Credit
(b) Dec. 31

Part 3c. The beginning balance of Office Supplies was

$ 2 comma 300$2,300.

During the year,

GalestownGalestown

purchased office supplies for

$ 3 comma 000$3,000,

and at December 31 the office supplies on hand totaled

$ 1 comma 100$1,100.

(Assume that

GalestownGalestown

debits an asset account when supplies are purchased.)

Date	Accounts and Explanation	Debit	Credit
(c) Dec. 31

Part 4d.

GalestownGalestown

prepaid a two full years' insurance on

OctoberOctober

1 of the current year,

$ 5 comma 040$5,040.

Record insurance expense for the year ended December 31. (When the policy was purchased on

OctoberOctober

1, assume that

GalestownGalestown

debited an asset account.)

Date	Accounts and Explanation	Debit	Credit
(d) Dec. 31

Part 5e.

GalestownGalestown

had earned

$ 3 comma 800$3,800

of unearned revenue. (When the cash was received, assume that a liability account was credited.)

Date	Accounts and Explanation	Debit	Credit
(e) Dec. 31

Part 6f.

GalestownGalestown

had incurred (but not recorded)

$ 100$100

of interest expense on a note payable. The interest will not be paid until February 28.

Date	Accounts and Explanation	Debit	Credit
(f) Dec. 31

Part 7g.

GalestownGalestown

billed customers

$ 4 comma 500$4,500

for welding services performed.

Date	Accounts and Explanation	Debit	Credit
(g) Dec. 31