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16. Prepare general journal entries on December 31 to record the following unrelated year-end adjustments. a. Estimated depre

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Answer #1
Date Explanation Debit Credit
Dec 31 Depreciation-Office Equipment 4,000
Acc. Dep. - Office Equipment 4,000
Dec 31 Insurance Expense 950
Prepaid Insurance 950
Dec 31 Insurance Expense 600
Prepaid Insurance 600
Dec 31 Salaries & Wages Expense (100*3*3) 900
Salaries & Wages Payable 900
Dec 31 Unearned Rent (700*2) 1,400
Rent Income 1,400
Dec 31 Rent Receivable 750
Rent Income 750
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