Problem $4-3$:

Journalize the following adjusting entries.

a$.$ The Jeff Watkins Firm purchased a large machine at a cost of $$125,000.$ The machine is expected to last $10$ years and has a residual value of $$5,000.$ Give the entry to record $$12,000$ yearly depreciation.

b$.$ The Office Supplies account had a beginning balance of $$775.$ Purchases totaling $$1,225$ were made during the year. A year$-$end inventory revealed that $$600$ of Office Supplies was on hand at the end of the year.

c$.$ Services in the amount of $$1,300$ were rendered but not due to receive payment yet. Prepare the entry to record the revenue.

d$.$ The weekly salaried payroll is $$5,000.$ Tuesday, December $31,20xx$ is the end of the fiscal year. Prepare the adjusting entry to record the Salary Expense.

$81$