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From the Following Data, Make the Following Adjustments, and Complete

question 156

Essay

From the following data, make the following adjustments, and complete the worksheet for the month.
(a) Depreciation Expense is $250.
(b) Supplies available $250, supplies on hand $75.
(c) Prepaid Insurance balance $400, $100 has expired.
(d) Wages for the 5-day work-week are $500, the month ended on a Wednesday.

   DR  CR  DR CR   DR  CR  DR  CR DR   CR
 Cash  750                  
 Accts. Receivable  400                  
 Supplies  250                  
 Prepaid Ins.  400                  
 Equipment  7,000                  
 Accts. Payable    900                
 Capital    7,100                
 Capital    900                
 Wages Expense   100                  
 Totals  8,900  8,900                


Definitions:

Life Expectancy

The average number of years an individual or demographic group is expected to live, based on a range of factors including genetics, lifestyle, and healthcare availability.

Health Care Expenditures

The total amount of money spent on health services and products, including personal health care, public health services, and health research.

Occupational Status

A classification that reflects the prestige, respect, and economic benefits associated with a profession or job role in society.

Education

The process of receiving or giving systematic instruction, especially at a school or university, aimed at the development of knowledge, skills, and character.

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