od Bok Mint Print E4-8 (Algo) Recording Typical Adjusting Journal Entries [LO 4-1, LO 4-2, LO 4-6] Jaworski's Ski Store is completing the accounting process for its first year ended December 31, 2021. The transactions during 2021 have been journalized and posted. The following data are available to determine adjusting journal entries: a. The unadjusted balance in Supplies was $870 at December 31, 2021. The unadjusted balance in Supplies Expense was $0 at December 31, 2021. A year-end count showed $110 of supplies on hand. b. Wages earned by employees during December 2021, unpaid and unrecorded at December 31, 2021, amounted to $3,900. The last paychecks were issued December 28; the next payments will be made on January 6, 2022. The unadjusted balance in Salaries and Wages Expense was $42,000 at December 31, 2021. c. A portion of the store's basement is now being rented for $1,120 per month to K. Frey. On November 1, 2021, the store collected six months' rent in advance from Frey in the amount of $6,720. It was credited in full to Deferred Revenue when collected. The unadjusted balance in Rent Revenue was $0 at December 31, 2021. d. The store purchased delivery equipment at the beginning of the year. The estimated depreciation for 2021 is $2,200, although none has been recorded yet. e. On December 31, 2021, the unadjusted balance in Prepaid Insurance was $3,120. This was the amount paid in the middle of the year for a two-year insurance policy with coverage beginning on July 1, 2021. The unadjusted balance in Insurance Expense was $660, which was the cost of insurance from January 1 to June 30, 2021. f. Jaworski's store did some ski repair work for Frey. At the end of December 31, 2021, Frey had not paid for work completed amounting to $770. This amount has not yet been recorded as Service Revenue. Collection is expected during January 2022. Required: For each situation, prepare the adjusting journal entry that Jaworski's should record at December 31, 2021. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) eBook Hint Required: For each situation, prepare the adjusting journal entry that Jaworski's should record at December 31, 2021. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Print Journal entry worksheet < 1 2 3 4 5 6 Record the adjusting entry for supplies. Note: Enter debits before credits Transaction a General Journal Debit Credit Record entry Clear entry View general journal of 7 opped eBook Required information E4-16 through E4-18 (Algo) Recording Four Adjusting Journal Entries, Preparing an Adjusted Trial Balance, Reporting an Income Statement, Statement of Retained Earnings, Balance Sheet, Recording Closing Entries [LO 4-2, LO 4-3, LO 4-4, LO 4-5] [The following information applies to the questions displayed below.] Mint Cleaning Incorporated prepared the following unadjusted trial balance at the end of its second year of operations ending December 31. (Assume amounts are reported in thousands of dollars.) Account Titles Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable: Salaries and Wages Payable Income Tax Payable. Hint 14 10 Common Stock Retained Earnings Sales Revenue Insurance Expense Salaries and Wages Expense Print Supplies Expense Income Tax Expense Totals Debit Credit $ 46 8 9 96 $0 0 0 92 12 99 18 34 0 $211 $211 Other data not yet recorded at December 31:1 a. Insurance expired during the year, $8. b. Depreciation expense for the year, $7. c. Salaries and wages payable, $10. d. Income tax expense, $12. FAAC Anal Dart 1 of 7 kipped E4-16 (Algo) Part 1 Required: 1. Prepare the adjusting journal entries for the year ended December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.) eBook Hind Print View transaction list Journal entry worksheet 1 2 3 4 Record the entry for insurance expired during the year, $8. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal