Convider the folowing whations for Gavestown Weiding Servicas: Consider the blowing stuations for Coleviown Welting...
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Convider the folowing whations for Gavestown Weiding Servicas: Consider the blowing stuations for Coleviown Welting Services: - Decholation for the arnet year indudes Eeviement $2,300 a. Depreciation for the current year includes equipment, $2,300. b. Each Monday, Galestown pays employees for the previous week's work. The amount of weekly payroll is $2,800 for a seven-day workweek (Monday to Sunday). This year, December 31 falls on Thursday. c. The beginning balance of Office Supplies was $3,000. During the year, Galestown purchased office supplies for $2,700, and at December 31 the office supplies on hand totaled $1,900. d. Galestown prepaid a two full years' insurance on April 1 of the current year, $6,000. Record insurance expense for the year ended December 31 . e. Galestown had earned $2,800 of unearned revenue. f. Galestown had incurred (but not recorded) $160 of interest expense on a note payable. The interest will not be paid until February 28. g. Galestown billed customers $6,000 for welding services performed. g. Galestown billed customers $6,000 for welding services performed
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