Journalize the Necessary Year-End Adjusting Entries Based on the Following

question 29

Essay

Journalize the necessary year-end adjusting entries based on the following account balances before adjustments.
$\begin{array}{c}\text {Trial Balance (partial)}\\\text {December 31, 20--}\\\\\begin{array}{lr}\text { Cash } & 12,340 \\\text { Supplies } & 2,100 \\\text { Prepaid Insurance } & 1,800 \\\text { Equipment } & 34,000\\\text { Accumulated Depreciation-Equipment } & & 8,000 \\\text { Accounts Payable } & & 6,430 \\\text { Wages Expense } & 17,333& \\\text { Insur ance Expense } & 3,333 &\end{array}\end{array}$

a.
The inventory of supplies on hand at December 31,20--,was $230.
b.
The 4-month insurance premium of $1,800 was purchased on December 1,20--.
c.
The $34,000 of equipment was purchased on January 1,two years ago.It has a salvage value of $2,000.Straight-line depreciation was used to compute depreciation at the end of last year.
d.
Wages accrued at December 31,20--,were $3,700.

---

Definitions:

Antibiotic Ointment

A topical preparation infused with antibiotics to prevent or control bacterial infections on minor cuts, wounds, or burns.

Supplemental Oxygen

Additional oxygen provided to patients to ensure adequate blood oxygen levels, often used in cases of respiratory distress or chronic lung conditions.

Scale Variations

Differences and changes in measurement or size, often relating to the quantitative assessment of objects, phenomena, or systems.

Weight Measurements

The quantitative assessment of body mass using scales or other devices, important for health monitoring and management.