. Depreciation for the current year includes​ Equipment, $ 2 comma 500$2,500.  DateAccounts and ExplanationDebitCredit(a) Dec. 31                           b. Each​ Monday, BettertonBettertonpays employees for the previous​ week's work. The amount of weekly payroll is $ 2 comma 800$2,800for a​ seven-day workweek​ (Monday to​ Sunday). This​ year, December 31 falls on ThursdayThursday.  DateAccounts and ExplanationDebitCredit(b) Dec. 31                           c. The beginning balance of Office Supplies was $ 2 comma 200$2,200. During the​ year, BettertonBettertonpurchased office supplies for $ 3 comma 100$3,100​, and at December 31 the office supplies on hand totaled $ 2 comma 000$2,000. ​(Assume that BettertonBettertondebits an asset account when supplies are​purchased.) DateAccounts and ExplanationDebitCredit(c) Dec. 31                           d. BettertonBettertonprepaid a two full​ years' insurance on JulyJuly1 of the current​ year, $ 6 comma 000$6,000. Record insurance expense for the year ended December 31. ​(When the policy was purchased on JulyJuly​1, assume that BettertonBettertondebited an asset​ account.) DateAccounts and ExplanationDebitCredit(d) Dec. 31                           e. BettertonBettertonhad earned $ 3 comma 200$3,200of unearned revenue. ​(When the cash was​ received, assume that a liability account was​ credited.) DateAccounts and ExplanationDebitCredit(e) Dec. 31                           f. BettertonBettertonhad incurred​ (but not​ recorded) $ 170$170of interest expense on a note payable. The interest will not be paid until February 28. DateAccounts and ExplanationDebitCredit(f) Dec. 31                           g. BettertonBettertonbilled customers $ 7 comma 500$7,500for welding services performed. DateAccounts and ExplanationDebitCredit(g) Dec. 31         . Depreciation for the current year includes​ Equipment, $ 2 comma 500$2,500.  DateAccounts and ExplanationDebitCredit(a) Dec. 31                           b. Each​ Monday, BettertonBettertonpays employees for the previous​ week's work. The amount of weekly payroll is $ 2 comma 800$2,800for a​ seven-day workweek​ (Monday to​ Sunday). This​ year, December 31 falls on ThursdayThursday.  DateAccounts and ExplanationDebitCredit(b) Dec. 31                           c. The beginning balance of Office Supplies was $ 2 comma 200$2,200. During the​ year, BettertonBettertonpurchased office supplies for $ 3 comma 100$3,100​, and at December 31 the office supplies on hand totaled $ 2 comma 000$2,000. ​(Assume that BettertonBettertondebits an asset account when supplies are​purchased.) DateAccounts and ExplanationDebitCredit(c) Dec. 31                           d. BettertonBettertonprepaid a two full​ years' insurance on JulyJuly1 of the current​ year, $ 6 comma 000$6,000. Record insurance expense for the year ended December 31. ​(When the policy was purchased on JulyJuly​1, assume that BettertonBettertondebited an asset​ account.) DateAccounts and ExplanationDebitCredit(d) Dec. 31                           e. BettertonBettertonhad earned $ 3 comma 200$3,200of unearned revenue. ​(When the cash was​ received, assume that a liability account was​ credited.) DateAccounts and ExplanationDebitCredit(e) Dec. 31                           f. BettertonBettertonhad incurred​ (but not​ recorded) $ 170$170of interest expense on a note payable. The interest will not be paid until February 28. DateAccounts and ExplanationDebitCredit(f) Dec. 31                           g. BettertonBettertonbilled customers $ 7 comma 500$7,500for welding services performed. DateAccounts and ExplanationDebitCredit(g) Dec. 31                            Choose from any list or enter any number in the input fields and then continue to the next question.                    Choose from any list or enter any number in the input fields and then continue to the next question.

Question
Asked Mar 5, 2019
. Depreciation for the current year includes Equipment,
$ 2 comma 500$2,500.
 
Date
Accounts and Explanation
Debit
Credit
(a) Dec. 31
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
b. Each Monday,
BettertonBetterton
pays employees for the previous week's work. The amount of weekly payroll is
$ 2 comma 800$2,800
for a seven-day workweek (Monday to Sunday). This year, December 31 falls on
ThursdayThursday.
 
Date
Accounts and Explanation
Debit
Credit
(b) Dec. 31
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
c. The beginning balance of Office Supplies was
$ 2 comma 200$2,200.
During the year,
BettertonBetterton
purchased office supplies for
$ 3 comma 100$3,100,
and at December 31 the office supplies on hand totaled
$ 2 comma 000$2,000.
(Assume that
BettertonBetterton
debits an asset account when supplies arepurchased.)
 
Date
Accounts and Explanation
Debit
Credit
(c) Dec. 31
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
d.
BettertonBetterton
prepaid a two full years' insurance on
JulyJuly
1 of the current year,
$ 6 comma 000$6,000.
Record insurance expense for the year ended December 31. (When the policy was purchased on
JulyJuly
1, assume that
BettertonBetterton
debited an asset account.)
 
Date
Accounts and Explanation
Debit
Credit
(d) Dec. 31
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
e.
BettertonBetterton
had earned
$ 3 comma 200$3,200
of unearned revenue. (When the cash was received, assume that a liability account was credited.)
 
Date
Accounts and Explanation
Debit
Credit
(e) Dec. 31
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
f.
BettertonBetterton
had incurred (but not recorded)
$ 170$170
of interest expense on a note payable. The interest will not be paid until February 28.
 
Date
Accounts and Explanation
Debit
Credit
(f) Dec. 31
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
g.
BettertonBetterton
billed customers
$ 7 comma 500$7,500
for welding services performed.
 
Date
Accounts and Explanation
Debit
Credit
(g) Dec. 31
 
 
 
 
 
 
 
 
 
. Depreciation for the current year includes Equipment,
$ 2 comma 500$2,500.
 
Date
Accounts and Explanation
Debit
Credit
(a) Dec. 31
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
b. Each Monday,
BettertonBetterton
pays employees for the previous week's work. The amount of weekly payroll is
$ 2 comma 800$2,800
for a seven-day workweek (Monday to Sunday). This year, December 31 falls on
ThursdayThursday.
 
Date
Accounts and Explanation
Debit
Credit
(b) Dec. 31
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
c. The beginning balance of Office Supplies was
$ 2 comma 200$2,200.
During the year,
BettertonBetterton
purchased office supplies for
$ 3 comma 100$3,100,
and at December 31 the office supplies on hand totaled
$ 2 comma 000$2,000.
(Assume that
BettertonBetterton
debits an asset account when supplies arepurchased.)
 
Date
Accounts and Explanation
Debit
Credit
(c) Dec. 31
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
d.
BettertonBetterton
prepaid a two full years' insurance on
JulyJuly
1 of the current year,
$ 6 comma 000$6,000.
Record insurance expense for the year ended December 31. (When the policy was purchased on
JulyJuly
1, assume that
BettertonBetterton
debited an asset account.)
 
Date
Accounts and Explanation
Debit
Credit
(d) Dec. 31
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
e.
BettertonBetterton
had earned
$ 3 comma 200$3,200
of unearned revenue. (When the cash was received, assume that a liability account was credited.)
 
Date
Accounts and Explanation
Debit
Credit
(e) Dec. 31
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
f.
BettertonBetterton
had incurred (but not recorded)
$ 170$170
of interest expense on a note payable. The interest will not be paid until February 28.
 
Date
Accounts and Explanation
Debit
Credit
(f) Dec. 31
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
g.
BettertonBetterton
billed customers
$ 7 comma 500$7,500
for welding services performed.
 
Date
Accounts and Explanation
Debit
Credit
(g) Dec. 31
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Choose from any list or enter any number in the input fields and then continue to the next question.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Choose from any list or enter any number in the input fields and then continue to the next question.
 
 
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