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Exercise 33 (Algo) Preparing adjusting entries LO P1, P2, P3 o. Depreciation on the company's equipment for the year is computed to be $15,000 : b. The Prepaid Insurance account had as $7,000 debit balance at Decembet 31 before adjusting for the costs of any expired coverage. An analysis of the company's insurance policies showed that $920 of unexpired insurance coverage remains. c. The Supplies account had a $360 debit balance at the beginning of the yeat, and $2.680 of supplies were purchased during the year. The December 31 physical count showed $425 of supplies available. d. Three fourths of the work related to $13,000 of cash recelved in advance was performed this peilod. e. The Prepaid Rent account had a $5.200 debit balance at December at before adjuting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $4.280 of prepaid rent had expired. f. Wage expenses of $4,000 have been incurred but are not paid as of December 31. Prepare adfiusting journat entries for the year ended December at for each separote situation Journal entry worksheet 23456 Depreciation on the company's equipment for the year is computed to be $15.000, Nptar untor debits boforn irediln. Prepare adjusting fournal entries for the year ended December 31 for each-separate situation. Journal entry worksheet 56 The Prepald Insurance account had a $7,000 debit balance at December 31 before adfusting for the costs of any expired coverage. An analysis of the company's insurance policies showed that $920 of unexpired insurance coverage remains. Note: Inter debiata before credits. Prepare adjusting journal entries for the year ended December 31 for each separate situation. Journal entry worksheet The Supplies account had a $360 debit balance at the beginning of the year, and $2,680 of supplies were purchased during the year. The December 31 physical count showed $425 of supplies avallable. Note. Enter debits beforit orealiz. Journal entry worksheet 16 Three fourths of the work related to $13,000 of cash received in advance was performed this period. Note: Enter debits before creulits. Prepare adlusting Journal entrles for the year ended December 31 for each separate situation. Journal entry worksheet The Prepaid Rent account had a $5,200 debit balance at December 31 before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $4,280 of prepaid rent had expired. Nude. Inter detuts buforn crodita. Prepare adjusting journal entries for the yeat ended December 31 for each separate situation. Journal entry worksheet