Wages of $8,000 are earned by workers but not paid as of December 31. Depreciation...
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Wages of $8,000 are earned by workers but not paid as of December 31. Depreciation on the companys equipment for the year is $11,920. The Supplies account had a $340 debit balance at the beginning of the year. During the year, $5,924 of supplies are purchased. A physical count of supplies at December 31 shows $642 of supplies available. The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An analysis of insurance policies shows that $2,000 of unexpired insurance benefits remain at December 31. The company has earned (but not recorded) $850 of interest revenue for the year ended December 31. The interest payment will be received 10 days after the year-end on January 10
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