a. Wages of $9,000 are earned by workers but not paid as of December 31 b. Depre

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a. Wages of $9,000 are earned by workers but not paid as of December 31 b. Depreciation on the company's equipment for the year is $10,120 c. The Office Supplies account had a $440 debit balance at the beginning of December. During December, $5,500 of office supplies are purchased. A physical count of supplies at December 31 shows $600 of supplies available d. The Prepaid Insurance account had a $5,000 balance at the beginning of December. An analysis of insurance policies shows that $1,800 of unexpired insurance benefits remain at December 31 e. The company has earned (but not recorded) $650 of interest from investments in CDs for the year ended December 31. The interest revenue will be received ten days after the year-end on January 10 f. 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

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Date Title Debit Credit a Dec-31 Salaries and wages expenses $    9,000 Salaries and wages payable $    9,000 (To record wages incurred and not paid) b Dec-31 Depreciation expenses $ 10,120 Accumulated depreciation - Equipment $ 10,120 (To record depreciation expense for the year) c Dec-31 Office supplies expenses ($440+$5,500-$600) $    5,340 Office supplies   $    5,340 (To record office supplies expenses ) d Dec-31 Insurance expenses ($5,000-$1,800) $    3,200 Prepaid insurance   $    3,200 (To record expired insurance ) e Dec-31 Interest receiveable $        650 Interest income $        650 (To record interest income earned) f Dec-31 Interest expenses $    3,000 Interest payable $    3,000 (To record interest expenses)

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