Transactions | General Journal | Debit | Credit |
a) | wages Expense | $7,000 | |
Wages payable | $7,000 | ||
(To record accrued wages) |
|||
b) | Depreciation expense - Equipment | $11,320 | |
Accumulated depreciation - Equipment | $11,320 | ||
( To record depreciation expense for the year) | |||
c) | Office supplies expense( $310 + $6,443 -$694) | $6,059 | |
Office supplies | $6,059 | ||
(To record use of supplies) | |||
d) | Insurance expense ($5,000 - 3,300) | $1,700 | |
Prepaid insurance | $1,700 | ||
(To record expired prepaid insurance) | |||
e) | Interest receivable | $600 | |
Interest revenue | $600 | ||
(To record interest earned but not yet received) | |||
f) | Interest expense | $4,000 | |
Interest payable | $4,000 | ||
( To record interest expense) | |||
a. Wages of $7,000 are earned by workers but not paid as of December 31, 2017...
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. 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 $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 $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 $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...
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...
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...