Answer:
supplies expense 500 debit
supplies 500 credit
--to record supplies --consumed--
insurance expense 100 debit
prepaid insurance 100 credit
--to record expired --insurance
depreciation expense 1000 debit
acc. Dep. equipment 1000 credit
-to record depreication over the year--
unearned revenue 3000 debit
service revenue 3000 credit
--to record accrued revenue from customers--
wages expense 4000 debit
wages payable 4000 credit
--to record earned wages from emplyees--
accounts receivables 500 debit
sales revneue 500 credit
--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
