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, $2,100.

b. Each Monday, pays employees for the previous week's work. The amount of weekly payroll is for a seven-day workweek (Monday to Sunday). This year, December 31 falls on . Betterton $1,400 Thursday c. The beginning balance of Office Supplies was . During the year, purchased office supplies for , and at December 31 the office supplies on hand totaled . $2,300 Betterton $3,000 $1,000

d. prepaid a two full years' insurance on 1 of the current year, . Record insurance expense for the year ended December 31. Betterton July $6,000

e. Betterton had earned $2,800 of unearned revenue. f. had incurred (but not recorded) of interest expense on a note payable. The interest will not be paid until February 28. Betterton $200

g. Betterton billed customers $3,000 for welding services performed.