Journal entries | ||||
Date | Account | Debit | Credit | Calculation |
31/Dec. | Wages expense | $ 14,000 | ||
a | Wages Payable | $ 14,000 | ||
31/Dec. | Depreciation expense | $ 10,480 | ||
b | Accumulated Depreciation-Equipment | $ 10,480 | ||
31/Dec. | Supplies expense | $ 5,228 | =470+5,342-584 | |
c | Supplies | $ 5,228 | ||
31/Dec. | Insurance expense | $ 1,900 | =5,000-3,100 | |
d | Prepaid Insurance | $ 1,900 | ||
31/Dec. | Interest expense | $ 600 | ||
e | Interest Payable | $ 600 | ||
31/Dec. | Interest Receivable | $ 2,500 | ||
f | Interest revenue | $ 2,500 |
a. Wages of $14.000 are earned by workers but not paid as of December 31 b....
a. Wages of $8,000 are earned by workers but not paid as of December 31, b. Depreciation on the company's equipment for the year is $18,000. c. The Office Supplies account had a $240 debit balance at the beginning of the year. During the year, $5,200 of office supplies are purchased. A physical count of supplies at December 31 shows $440 of supplies available. d. The Prepaid Insurance account had a $4.000 balance at the beginning of the year. An...
a. Wages of $8,000 are earned by workers but not paid as of December 31. b. Depreciation on the company's equipment for the year is $18,000. The Office Supplies account had a $240 debit balance at the beginning of December. During December, $5,200 of office supplies are purchased. A physical count of supplies at December 31 shows $440 of supplies available. d. The Prepaid Insurance account had a $4,000 balance at the beginning of December. An analysis of insurance policies...
a. Wages of $7,000 are earned by workers but not paid as of December 31. b. Depreciation on the company's equipment for the year is $10,960. c. The Office Supplies account had a $380 debit balance at the beginning of December. During December, $5,105 of office supplies are purchased. A physical count of supplies at December 31 shows $561 of supplies available. d. The Prepaid Insurance account had a $5,000 balance at the beginning of December. An analysis of insurance...
a. Wages of $9,000 are earned by workers but not paid as of December 31 b. Depreciation on the company's equipment for the year is $11,680. c. The Office Supplies account had a $460 debit balance at the beginning of the year. During the year, 55,603 of office supplies are purchased a physical count of supplies at December 31 shows $610 of supplies available d. The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An...
a. Wages of $9,000 are earned by workers but not paid as of December 31. b. Depreciation on the company's equipment for the year is $12,040. c. The Office Supplies account had a $460 debit balance at the beginning of the year. During the year, $5,110 of office supplies are purchased. A physical count of supplies at December 31 shows $561 of supplies available. d. The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An...
Wages of $8,000 are earned by workers but not paid as of
December 31.
Depreciation on the company’s equipment for the year is
$10,840.
The Office Supplies account had a $350 debit balance at the
beginning of the year. During the year, $4,791 of office supplies
are purchased. A physical count of supplies at December 31 shows
$529 of supplies available.
The Prepaid Insurance account had a $5,000 balance at the
beginning of the year. An analysis of insurance policies...
Wages of $6,000 are earned by workers but not paid as of December 31. Depreciation on the company’s equipment for the year is $11,680. The Supplies account had a $410 debit balance at the beginning of the year. During the year, $5,776 of supplies are purchased. A physical count of supplies at December 31 shows $628 of supplies available. The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An analysis of insurance policies shows that...
a. Wages of $11,000 are earned by workers but not paid as of December 31, 2017. b. Depreciation on the company's equipment for 2017 is $10,360. c. The Office Supplies account had a $370 debit balance on December 31, 2016. During 2017, $4,895 of office supplies are purchased. A physical count of supplies at December 31, 2017, shows $540 of supplies available. d. The Prepaid Insurance account had a $5,000 balance on December 31, 2016. An analysis of insurance policies...
a. Wages of $7,000 are earned by workers but not paid as of December 31, 2017 b. Depreciation on the company's equipment for 2017 is $1,320 c. The Office Supplies account had a $310 debit balance on December 31, 2016. During 2017, $6,443 of office supplies are purchased A physical count of supplies at December 31, 2017, shows $694 of supplies available d. The Prepaid Insurance account had a $5,000 balance on December 31, 2016. An analysis of insurance policies...
a. Wages of $6,000 are eamed by workers but not paid as of December 31 b. Depreciation on the company's equipment for the year is $11,320 e. The Office Supplies account had a $140 debit balance at the beginning of the year. During the year, $5,761 of office supplies are purchased. A physical count of supplies at December 31 shows $626 of supplies available. d. The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An...