Question & Answer: Tools Help y 2 Homework 6 Exercise 3-6 Preparing adjusting entries LO P1 o. Depreciation on the company's equipment for 2017 is compu…..

Tools Help y 2 Homework 6 Exercise 3-6 Preparing adjusting entries LO P1 o. Depreciation on the companys equipment for 2017 is computed to be $14,000 b. The Prepaid Insurance account had a $8,000 debit balance at December 31, 2017. before adjusting for the costs of any expired coverage An analysis of the companys insurance policies showed that $1,400 of . The Office Supplies account had a $230 debit balance on December 31. 2016, and $2,680 of office supplies were purchased unexpired insurance coverage remains ring the year. The December 31, 2017, physical count showed $271 of supplies available d. One-fourth of the work related to $11,000 of cash recelved in advance was performed this period e. The Prepaid Insurance account had a $5,200 debit bolance at December 31, 2017, before adjusting for the costs of any expired coverage. An analysis of insurance policies showed that $3,800 of coverage had expired. f. Wage expenses of $7.000 have been incurred but are not paid as of December 31, 2017 Prepare adjusting journal entries for the year ended (date of) December 31, 2017, for each of these separate situations. Journal entry worksheet Depreclation on the companys equipment for 2017 is computed to be $14,000 Note: Enter debits before cred ts Transaction General Journal , prev .. : . :4 of 7 12 RTY Y UI Ente

Tools Help y 2 Homework 6 Exercise 3-6 Preparing adjusting entries LO P1 o. Depreciation on the company’s equipment for 2017 is computed to be $14,000 b. The Prepaid Insurance account had a $8,000 debit balance at December 31, 2017. before adjusting for the costs of any expired coverage An analysis of the company’s insurance policies showed that $1,400 of . The Office Supplies account had a $230 debit balance on December 31. 2016, and $2,680 of office supplies were purchased unexpired insurance coverage remains ring the year. The December 31, 2017, physical count showed $271 of supplies available d. One-fourth of the work related to $11,000 of cash recelved in advance was performed this period e. The Prepaid Insurance account had a $5,200 debit bolance at December 31, 2017, before adjusting for the costs of any expired coverage. An analysis of insurance policies showed that $3,800 of coverage had expired. f. Wage expenses of $7.000 have been incurred but are not paid as of December 31, 2017 Prepare adjusting journal entries for the year ended (date of) December 31, 2017, for each of these separate situations. Journal entry worksheet Depreclation on the company’s equipment for 2017 is computed to be $14,000 Note: Enter debits before cred ts Transaction General Journal , prev .. : . :4 of 7 12 RTY Y UI Ente

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