Journalize the following December 31 transactions for Galestown Printing Services. No explanations are requireda. Equipment...
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Accounting
Journalize the following December transactions for Galestown Printing Services. No explanations are requireda. Equipment cost $ and is expected to be useful for years, at which time it will have no residual value. Calculate and record amortization for the current year.b Each Monday, Galestown pays employees for the previous week's work. The amount of weekly payroll is $ for a sevenday workweek Mondayto Sunday This year December falls on a Thursday.c The beginning balance of Supplies was $ During the year, Galestown purchased supplies for and at December the supplies on hand totalled $d Galestown prepaid one year of insurance coverage on April of the current year, $ Record insurance expense for the year ended December e Galestown earned $ of unearned revenue.f Galestown incurred $ of interest expense on a note payable that will not be paid until February g Galestown billed customers for printing services performed.
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