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E4-8 (Algo) Recording Typical Adjusting Journal Entries [LO 4-1, LO 4-2, LO 4-6] Jaworski's Ski Store is completing the accounting process for its first year ended December 31, 2021. The transactions during 2021 have been journalized and posted. The following data are available to determine adjusting journal entries. a The unadjusted balance in Supplies was $800 at December 31, 2021. The unadjusted balance in Supplies Expense was $0 at December 31,2021. A yearend count showed $120 of supplies on hand b. Wages earned by employees during December 2021, unpaid and unrecorded at December 31, 2021, amounted to \$3,200. The last paychecks were issued December 28 , the next payments will be made on January 6,2022 The unadjusted balance in Salaries and Wages Expense was $35,000 at December 31,2021 c. A portion of the store's basement is now being rented for $1,050 per month to K. Frey. On November 1, 2021, the store collected six months' rent in advance from Frey in the amount of $6,300, it was credited in full to Deferred Revenue when collected. The unadjusted balance in Rent Revenue was $0 at December 31,2021 d. The store purchased delivery equipment at the beginning of the year. The estimated depreciation for 2021 is $1.500. although none has been recorded yet. e. On December 31,2021 , the unadjusted balance in Prepaid insurance was $2700. This was the amount paid in the middle of the year for a two-year insurance policy with coverage beginning on July 1,2021. The unadjusted balance in Insurance Expense was $450, which was the cost of insurance from January 1 to June 30,2021 t Jaworsks store did some ski repair work for Frey. At the end of December 31, 2021. Frey had not paid for work completed amounting to $700. This amount has not yet been recorded as Service Revenue. Collection is expected during January 2022 Required: For each situation, prepare the adjusting journal entry that Jaworski's should record at December 31,2021 . (If no entry is required for o transoction/event, select "No Journal Entry Required" in the first occount field.) Journal entry worksheet Record the adjusting entry for rent. Nobe: Eriter debits befare ordifa: E4-8 (Algo) Recording Typical Adjusting Journal Entries [LO 4-1, LO 4-2, LO 4-6] Jaworski's Ski Store is completing the accounting process for its first year ended December 31, 2021. The transactions during 2021 have been journalized and posted. The following data are avalable to determine adjusting journal entries a. The unadjusted balance in Supplies was $800 at December 31,2021 . The unadjusted balance in Supplies Expense was $0 at December 31,2021 . A year-end count showed $120 of supplies on hand. b. Wages earned by employees during December 2021 , unpaid and unrecorded at December 31,2021 , amounted to $3.200. The last paychecks were issued December 28 , the next payments will be made on January 6,2022 . The unadjusted balance in Salaries and Wages Expense was $35.000 at December 31,2021 c. A portion of the store's basement is now being rented for $1,050 per month to K. Frey. On November 1, 2021, the store collected six month's' rent in advance from Frey in the amount of \$6,300. It was credied in full to Deferred Revenue when collected. The unadjusted balance in Rent Revenue was $0 at December 31,2021. d The store purchased delivery equipment at the beginning of the year. The estimated depreciation for 2021 is $1,500, although none has been recorded yet. e On December 31,2021 , the unadjusted balance in Prepaid Insurance was $2700. This was the amount paid in the middle of the year for a two-year insurance policy with coverage beginning on July 1, 2021. The unadjusted balance in insurance Expense was $450, which was the cost of insurance from January 1 to June 30,2021 f Jaworski's store did some ski repair work for Frey. At the end of December 31, 2021. Frey had not paid for work completed amounting to $700 This amount has not yet been recorded as Service Revenue. Collection is expected during January 2022 Required: For each situation, prepare the adjusting journal entry that Jaworski's should record at December 31, 2021, (If no entry is required for o transoction/event, select "No Journal Entry Required" in the first occount field.) Record the adjusting entry for depreciation. Whte: triter debis before gedate. E4-8 (Algo) Recording Typical Adjusting Journal Entries [LO 4-1, LO 4-2, LO 4-6] Jaworsks Ski Store is completing the accounting process for its first year ended December 31, 2021. The transactions during 2021 have been journalized and posted. The following data are available to determine adjusting journal entries: a The unadjusted balance in Supplies was $800 at December 31,2021 . The unadjusted balance in Supplies Expense was $0 at December 31,2021 . A year-end count showed $120 of supplies on hand. b. Wages earned by employees during December 2021 unpaid and unrecorded at December 31,2021 , amounted to $3,200. The last paychecks were issued December 28 , the next payments will be made on January 6,2022 . The unadjusted balance in Salaries and Wages Expense was $35,000 at December 31,2021 c. A portion of the store's basement is now being rented for $1,050 per month to K. Frey. On November 1, 2021, the store collected six months' rent in advance from Frey in the amount of $6,300. It was credited in full to Deferred Revenue when collected. The unadjusted balance in Rent Revenue was $0 at December 31,2021 d The store purchased delivery equipment at the beginning of the year. The estimated depreciation for 2021 is $1,500, although none has been recorded yet e On December 31,2021 , the unadjusted balance in Prepaid Insurance was $2700. This was the amount paid in the middle of the year for a two-year insurance policy with coverage beginning on July 1, 2021. The unadjusted balance in insurance Expense was $450, which was the cost of insurance from January 1 to June 30,2021 f Jaworski's store did some ski repair work for Frey. At the end of December 31, 2021, Frey had not paid for work completed amounting to $700. This amount has not yet been recorded as Service Revenue. Collection is expected during January 2022 Required: For each situation, prepare the adjusting joumal entry that Jaworski's should record at Decernber 31, 2021 (If no entry is required for o transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet E4-8 (Algo) Recording Typical Adjusting Journal Entries [LO 4-1, LO 4-2, LO 4-6] Jaworski's Ski Store is completing the accounting process for its first year ended December 31,2021 . The transactions during 2021 have been journalized and posted. The following data are available to determine adjusting fournal entries: a. The unadjusted balance in Supplies was $800 at December 31,2021 . The unadjusted balance in Supplies Expense was $0 at December 31,2021 A year-end count showed $120 of supplies on hand. b. Wages earned by employees during December 2021 , unpaid and unrecorded at December 31,2021 , anounted to $3,200. The last paychecks were issued Decernber 28 , the next payments will be made on January 6,2022 The unadjusted balance in Salaries and Wages Expense was $35,000 at December 31,2021. c. A portion of the store's basement is now being rented for $1,050 per month to K Frey. On November 1, 2021, the store collected six. months rent in advance from Frey in the amount of $6,300. It was credined in full to Deferred Revenue when collected. The unadjusted balance in Rent Revenue was $0 at December 31,2021 d. The store purchased delivery equipment at the beginning of the year The estimated depreciation for 2021 is $1,500, although none has been recorded yet e. On December 31,2021 , the unadjusted balance in Prepaid insurance was $2700. This was the amount paid in the middle of the year for a two-year insurance policy with coverage beginning on July 1, 2021. The unadjusted balance in Insurance Expense was $450, which was the cost of insurance from January 1 to June 30,2021 f. Jaworski's store did some ski repair work for Frey. At the end of Decembes 31, 2021, Frey had not paid for work completed amounting to $700. This amount has not yet been recorded as Service Revenue. Collection is expected during January 2022 Required: For each situation, prepare the adjusting journal entry that Jaworski's should record at December 31, 2021. if no entry is required for a transection/event, select "No Journal Entry Required" in the first occount field.) Journal entry worksheet Record the adjusting entry for salaries and wages. E4-8 (Algo) Recording Typical Adjusting Journal Entries [LO 4-1, LO 4-2, LO 4-6] Jaworski's Ski Store is completing the accounting process for its first year ended December 31,2021 . The transactions during 2021 have been journalized and posted. The following data are avallable to determine adjusting journal entries. a. The unadjusted balance in Supplies was $800 at December 31,2021 . The unadjusted balance in Supplies Expense was $0 at December 31,2021 . A year-end count showed $120 of supplies on hand. b. Wages earned by employees during December 2021 unpaid and unrecorded at December 31, 2021, amounted to $3,200 The last paychecks were issued December 28 , the next payments will be made on January 6,2022 . The unadjusted balance in Salaries an Wages Expense was $35,000 at December 31,2021 c. A portion of the store's basement is now being rented for $1,050 per month to K. Frey. On November 1,2021 , the store collected six months' rent in advance from Frey in the amount of $6,300. It was credited in full to Deferred Revenue when collected The unadjusted balance in Rent Revenue was $0 at December 31,2021 d. The store purchased delivery equipment at the beginning of the year. The estimated depreciation for 2021 is $1,500, although none has been recorded yet e. On December 31,2021 , the unadjusted balance in Prepaid Insurance was $2700. This was the amount paid in the middle of the year for a two year insurance policy wath coverage beginning on July 1,2021. The unadjusted balance in insurance Expense was $450, which was the cost of insurance from January 1 to June 30,2021 t Jaworski's store did some ski repair work for Frey. At the end of December 31,2021 , Frey had not paid for work completed amounting to $700. This amount has not yet been recorded as Service Revenue. Collection is expected during January 2022 Required: For each stuation, prepare the adjusting journal entry that Jaworski's should record at December 31,2021 (If no entry is required for o transoction/event, select "No Journol Entry Required" in the first occount field.) Journal entry worksheet

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