Business, 24.11.2020 17:20 sar70

A. Depreciation on the company's equipment for the year 2017 is computed to be $11,000. b. The Prepaid Insurance account had a $9,000 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of the company’s insurance policies showed that $1,590 of unexpired insurance coverage remains.

c. The Office Supplies account had a $330 debit balance at the beginning of the year; and $2,680 of office supplies were purchased during the year. The December 31 physical count showed $389 of supplies available.

d. One-third of the work related to $15,000 of cash received in advance was performed this period. The Prepaid Rent account had a $5,700 debit balance at December 31 before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $4,110 of prepaid rent had expired.

e. Wage expenses of $7,000 have been incurred but are not paid as of December 31. Prepare adjusting journal entries for the

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A. Depreciation on the company's equipment for the year 2017 is computed to be $11,000. b. The Prep...

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