1. wages of $13,000 are earned by workers but not paid as of december 31.
2. depreciation on the company’s equipment for the year is $11,560.
3. the office supplies account had a $490 debit balance at the beginning of the year. during the year, $4,582 of office supplies are purchased. a physical count of supplies at december 31 shows $508 of supplies available.
4. the prepaid insurance account had a $5,000 balance at the beginning of the year. an analysis of insurance policies shows that $3,200 of unexpired insurance benefits remain at december 31.
5. the company has earned (but not recorded) $950 of interest revenue for the year ended december 31. the interest payment will be received 10 days after the year-end on january 10.
6. the company has a bank loan and has incurred (but not recorded) interest expense of $3,000 for the year ended december 31. the company will pay the interest five days after the year-end on january 5.

for each of the above separate cases, prepare adjusting entries required of financial statements for the year ended (date of) december 31.

1. Wages of $13,000 are earned by workers but not paid as of December 31.

Account                            Debit            Credit

Wages Expense              $13,000

Wages Payable                                     $13,000

2. Depreciation on the company’s equipment for the year is $11,560.

Account                                       Debit            Credit

Depreciation Expense              $11,560

Accumulated Depreciation                             $11,560

3. The Office Supplies account had a $490 debit balance at the beginning of the year. During the year, $4,582 of office supplies are purchased. A physical count of supplies at December 31 shows $508 of supplies available.

Account                                     Debit             Credit

Supplies Expense          $4,582

Cash                                                                $4,582

Supplies Expense                     $4,564

Supplies                                                          $4,564

4. The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An analysis of insurance policies shows that $3,200 of unexpired insurance benefits remain at December 31.

$1,800 worth of insurance have been spent, out of the initial $5,000 prepaid insurance balance. ($5,000 - $1,800 = $3,200)

Account                                    Debit              Credit

Prepaid Insurance                                          $1,800

Insurance Expense                 $1,800

5. The company has earned (but not recorded) $950 of interest revenue for the year ended December 31. The interest payment will be received 10 days after the year-end on January 10.

Account                                    Debit                Credit

Interest Receivable                 $950

Interest Revenue                                              $950

6. The company has a bank loan and has incurred (but not recorded) interest expense of $3,000 for the year ended December 31. The company will pay the interest five days after the year-end on January 5.

Account                                    Debit                Credit

Interest Expense                     $3,000

Interest Payable                                                $3,000

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3

b.

c.

d.

g.

those r all of them i believe