M Question 4 - Final Exam available x > C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/acti Final Exam available on August 3rd to be completed by.. i Saved 4 Prepare adjusting journal entries for the year ended December 31, 2014, for each of the below situations in (a) to (g). Assume that prepaid expenses are initially recorded in asset accounts. Assume that fees collected in advance of work are initially recorded as liabilities. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 8 02:58.37 a. Depreciation on the company's machinery for 2014 was estimated to be $44,000. b. The Prepaid Insurance account had a $26,200 debit balance at December 31, 2014, before adjusting for the costs of any expired coverage. An analysis of the company's insurance policies showed $19,300 of unexpired insurance remaining. c. The Office Supplies account had a $610 debit balance on January 1, 2014; $3,200 of office supplies were purchased during the year; and the December 31, 2014, count showed that $250 of supplies are on hand. d. Two-thirds of the work for a $46,500 fee received in advance has now been performed. . The Prepaid Insurance account had an $11,400 debit balance at December 31, 2014, before adjusting for the costs of any expired coverage. An analysis of the company's insurance policies showed that $8,700 of coverage had expired. f. Wages of $47,000 have been earned by workers but not paid as of December 31, 2014. . Record the January 6, 2015, payment of $91,500 in wages, inclusive of the $47,000 December 31, 2014, accrual in (f) above. View transaction list Journal entry worksheet 2 5 16 Record the depreciation expense for the year. Graw Type here to search O New Ta... Question... 9 0 New Ta. Typing.. T Loading... New ta MacBook Air esc 20 F3 988 F DII F2 F5 -. F6 F7 FB DV F9 F10 a # $ 5 6 O Q W E R Y U O tab C