Reference no: EM13536357
Journalize adjusting entries and analyze effects
a Prepaid insurance, beginning, $700. Payments for insurance during the period, $2,100. Prepaid insurance, ending $800.
b Interest revenue accrued, $900.
c Unearned service revenue, beginning, $800. Unearned service revenue, ending, $300.
d Depreciation, $6,200.
e Employees" salaires owed for 3 days of a 5-day work week, weekly payroll, $9,000.
f Income before income tax, $20,000. Income tax rate is 40%.
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