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Laferty Landscaping has collected the following data for the December 31 adjusting entries: Question Viewer to view the independent cases.) Read the requirements. on the last line of the journal entry table.) Requirement 2. Journalize the subsequent journal entries for adjusting entries a,d, and g. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) subsequent journal entry that Laferty will record on January 4 . total revenue during the current year. Question Viewer \begin{tabular}{|c|c|c|c|} \hline \begin{tabular}{c} Question \\ vate \end{tabular} & Accounts and Explanation & Debit & Credit \\ \hline \multicolumn{4}{|l|}{ Dec. 31} \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} e. At December 31, Laferty had earned \$5,500 for landscape services completed for Transit Appliances. Transit has stated that it will pay Laferty on January 10. \begin{tabular}{|c|c|c|c|} \hline Date & Accounts and Explanation & Debit & Credit \\ \hline \multicolumn{4}{|l|}{ Dec. 31} \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} f. Depreciation for the current year includes Equipment, $3,600; and Trucks, $1,600. (Prepare a compound entry to record depreciation on both the equipment and the trucks.) \begin{tabular}{|c|c|c|c|} \hline Date & Accounts and Explanation & Debit & Credit \\ \hline \multicolumn{4}{|l|}{ Dec. 31} \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} More info a. Each Friday, Laferty pays employees for the current week's work. The amount of the weekly payroll is $5,500 for a five-day workweek. This year December 31 falls on a Monday. Laferty will pay its employees on January 4. b. On January 1 of the current year, Laferty purchases an insurance policy that covers two years, $5,500. c. The beginning balance of Office Supplies was $3,400. During the year, Laferty purchased office supplies for $5,200, and at December 31 the office supplies on hand total $1,200. d. During December, Laferty designed a landscape plan and the client prepaid $8,000. Laferty recorded this amount as Unearned Revenue. The job will take several months to complete, and Laferty estimates that the company has earned 40% of the total revenue during the current year. e. At December 31, Laferty had earned $5,500 for landscape services completed for Transit Appliances. Transit has stated that it will pay Laferty on January 10. f. Depreciation for the current year includes Equipment, $3,600; and Trucks, $1,600. g. Laferty has incurred $1,000 of interest expense on a $1,100 interest payment due on January 15 . g. Laferty has incurred $1,000 of interest expense on a $1,100 interest payment due on January 15 . Journalize the subsequent journal entry that Laferty will record on January 15 . Question Viewer

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