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a. Depreciation on the companys equipment for 2017 is computed to be $15,000. b. The Prepaid Insurance account had a $9,000

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Adjusting entries

No General Journal Debit Credit
1 Depreciation expense 15000
Accumulated depreciation-equipment 15000
2 Insurance expense (9000-990) 8010
Prepaid insurance 8010
3 Supplies expense (220+2680-260) 2640
Supplies 2640
4 Unearned revenue (11000/4) 2750
Revenue earned 2750
5 Insurance expense 4610
Prepaid insurance 4610
6 Wages expense 2000
Wages payable 2000
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