All of the transactions of Harding Trading Co. for the year have been journalized and posted. The following information has been gathered for the adjustment process as of December 31, 2018: The Supplies account shows a balance of $900. A count of supplies revealed $400 on hand. The $1,200 premium relating to a one–year insurance policy was paid on December 1, 2018. The company’s equipment, which was purchased last year, depreciates at a rate of $1,000 per year. On September 30, 2018, a customer paid $10,000 in advance for services; as of December 31, 2018, services in the amount of $3,000 had been performed for this customer. Employees are paid $5,000 on Fridays for the 5-day workweek, which ends on that Friday. However, December 31, 2018 falls on a Thursday. The company has completed $500 of work for customers; the customers have not yet been billed and the related revenue has not been recorded. Required: Prepare the required adjusting entries required at December 31, 2018. For each of the adjusting items, indicate the amount and the direction of effects of the adjusting journal entry on the elements of the balance sheet and income statement. Complete the following table by entering the amount and the direction (+ for increase, − for decrease) or leave blank for no effect.

supplies expense  500debit

supplies  500credit

--to record supplies --consumed--    

insurance expense  100debit

prepaid insurance  100credit

--to record expired --insurance    

depreciation expense  1000debit

acc. Dep. equipment  1000credit

-to record depreication over the year--    

unearned revenue  3000debit

service revenue  3000credit

--to record accrued revenue from customers--    

wages expense  4000debit

wages payable  4000credit

--to record earned wages from emplyees--    

accounts receivables  500debit

sales revneue  500credit

--to record completion on services--    

Explanation:

Supplies:

900 balance less 400 at hand = 500 use of supplies during the period.

(if there was purchaseds then we should also add them to the consumed / expensed amount)

Insurance 1,200 is the value of a year we need to know the first month of December which as expired:

1,200 a year / 12 months per year = 100 per month

wages:

5,000 full week

we recognize until Thursday thus 4 days:

5,000 / 5 days per week = 1,000 per day

1,000 per day x 4 days = 4,000 accrued wages and salaries

rest are selft-explanatory and there is no calculation needed

i would say iii (3) because in order to compare a price you have to use as a reference other near stores because it's its

hope i explained myself

answer; to open a new transaction, the user should type the code/0 along with a new transaction code, when done with that the user should press enter to open the transaction; good luck;