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

Adjustments, Journal Entries for the year ended

Explanation:

A] Depreciation ac dr 11000

to Machine ac 11000

(Depreciation debited to Profit & Loss Account, deducted from Machine value in asset side of Balance Sheet)

B] Prepaid Insurance ac dr 1590

to Insurance ac 1590

(Prepaid Insurance, subtracted from - 'Insurance' - at debit side of Profit & Loss account)

C] Trading account dr 330

to Opening Stock ac 330

to Purchase ac 2860

to Trading Account 389

D]  Income ac dr 5000*  

to Income Advance ac  5000*

(Income Advance, subtracted from 'Income' - at credit side of Profit & Loss account)

to Rent ac 1590**

(Prepaid Rent, subtracted from 'Rent' - at debit side of Profit & Loss account)

E] Wages ac dr 7000

to Wages outstanding 7000

(Outstanding Wages, added to 'Wages' - at debit side of Trading account)  

* 5000 = 1/3rd of 15000 , ** 1590 = 5700 - 4110

answer: b. false

the staff is a set of five horizontal lines and four spaces which represent a different musical pitch. the lines and the spaces are numbered from bottom to top, the bottom line is the first line and the fifth line is the line on the top. the notes on the top of the staff (fifth line) have a higher pitch than a note at the bottom of the staff.