Question: please help me complete both pages 46 Adjusting entries. For each of the following adjusting entries, identify whether the entry is correct. If it is

46 Adjusting entries. For each of the following adjusting entries, identify whether the entry is correct. If it is not correct, provide the correct entry in the journal on the next page and specify why the entry given below is wrong. Sales 2,800 Accounts Receivable 2.800 To record sales made on the last day of the year which the company has not yet a. billed. b. Rent Expense 680 Prepaid Rent 680 To record one month of rent expense. Three months ago, the company paid $8,160 for one year's rent in advance. Utilities Expense 800 Utilities Payable 800 The company received an electric bill for $800 for the current month. The bill is due next month. Supplies 1,900 Supplies Expense 1,900 The supplies account had a balance of $2,300 at the end of last month. The count at the end of this month showed a balance of $400. Unearned service fees Service fee revenue 1.000 The company performed $1,000 of services which the client had paid for in advance. d. 1,000 e. 4-7 Adjusting entries. a. For each of the following adjusting entries, identify whether the entry is correct If it is not correct, provide the correct entry in the journal on the next page and specify why the entry given below is wrong. Depreciation Expense 2.800 Truck 2.800 To record depreciation on the company truck for one year. The truck's original cost was $12,200, with a $1,000 salvage value and an estimated life of four years, Tax Expense Tax Receivable 500 b. 500 The company received a property tax bill, due next month, for $500. c. d. Interest Receivable 50 Interest Expense 50 To record one month of interest expense. The company borrowed $12,000 for two years at 5% interest. Interest is due every six months. Prepaid Insurance 250 Insurance Expense 250 To record one month of insurance expense. Four months ago, the company paid $3,000 for one year of insurance coverage. Wages Expense 3,000 Wages Payable 3,000 To record wages for December 30 and 31, 2027, to be paid on January 5, 2028
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