Answer:
a.
Dr Depreciation expenses 2,200
Cr Accumulated depreciation - Equipment 2,200
( to record the depreciation expenses of equipment during the year)
b.
Dr Wages expenses 4,800
Cr Wages payable 4,800
( to record wages payable as at 31 December; calculated as Daily salary expenses x Number of working days from the last time the wages expenses is recorded ( that is, Sunday) to 31 December ( given as Thursday) which is 4 days or 8,400/7 * 4 = $4,800.
c.
Dr Supplies expenses 4,300
Cr Office supplies 4,300
( to record office supplies consumed during the year calculated as Opening Balance of Office supplies + Purchase during the year - Ending balance of Office supplies = 2,100 + 3,400 - 1,200 = $4,300)
d.
Dr Insurance expenses 2,250
Cr Prepaid insurance 2,250
(to record 09-month insurance expenses calculated as 6,000/24 * 9 = $2,250)
e.
Dr Unearned Revenue 2,900
Cr Revenue 2,900
(to record revenue earned )
f.
Dr Interest expenses 140
Cr Interest payable 140
( to record interest expenses incurred but not paid)
g.
Dr Account Receivable 5,500
Cr Revenue 5,500
( to record revenue earned but not yet received)
Explanation:
