Jan Olsen is a lawyer specializing in estate law.A trial balance was taken on December 31,20--.Complete the year-end adjusting entries and extend the appropriate balances to the Adjusted Trial Balance columns of the work sheet.Journalize the four adjusting entries exactly as shown in the Adjustments column of the work sheet.Entries should be in proper journal form and dated December 31.
a.
Office supplies on hand at year-end amounted to $650.
b.
Expired insurance amounted to $900.
c.
Depreciation on the computer equipment,$1,150.
d.
Wages earned but not paid as of December 31,$1,230.
Definitions:
Introspection
The examination or observation of one's own mental and emotional processes, often used as a method of personal reflection.
Stockings
Close-fitting, elastic garments covering the foot and leg, typically made from nylon or silk.
Nisbett And Wilson
Researchers known for their work on human judgment, reasoning, and the limitations of self-awareness in cognitive processes.
Extrinsically Motivated
Being driven to perform a task or engage in an activity for external rewards or pressures, rather than for inherent satisfaction or pleasure.
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