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Depreciation on the companys wind turbine equipment for the year is $7,000. The Prepaid Insurance...

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Accounting

Depreciation on the companys wind turbine equipment for the year is $7,000. The Prepaid Insurance account for the solar panels had a $4,000 debit balance at December 31 before adjusting for the costs of any expired coverage. Analysis of prepaid insurance shows that $1,600 of unexpired insurance coverage remains at year-end. The company received $9,000 cash in advance for sustainability consulting work. As of December 31, one-third of the sustainability consulting work had been performed. As of December 31, $3,200 in wages expense for the organic produce workers has been incurred but not yet paid. As of December 31, the company has earned, but not yet recorded, $600 of interest revenue from investments in socially responsible bonds. The interest revenue

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