Answer | |||
S.no |
General Journal | Debit | Credit |
a | Wages expense | $ 8,000 | |
Wages payable | $ 8,000 | ||
b | Depreciation expense | $ 18,000 | |
Accumulated depreciation - equipment | $ 18,000 | ||
c | Office supplies expense | $ 5,000 | |
Office supplies | $ 5,000 | ||
240+5200-440 | |||
d | Insurance expense | $ 2,800 | |
Prepaid Insurance | $ 2,800 | ||
4000-1200 | |||
e | Interest receivable | $ 1,050 | |
Interest income | $ 1,050 | ||
f | Interest expense | $ 2,500 | |
Interest payable | $ 2,500 | ||
a. Wages of $8,000 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...
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...
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...
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 $14.000 are earned by workers but not paid as of December 31 b. Depreciation on the company's equipment for the year is $10.480. C. The Office Supplies account had a $470 debit balance at the beginning of December. During December, $5,342 of office supplies are purchased. A physical count of supplies at December 31 shows $584 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 $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...
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 $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...
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...