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Problem 4-3: Journalize the following adjusting entries. a. The Jeff Watkins Firm purchased...

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Accounting

Problem 4-3:
Journalize the following adjusting entries.
a. The Jeff Watkins Firm purchased a large machine at a cost of $125,000. The machine is expected to last 10 years and has a residual value of $5,000. Give the entry to record $12,000 yearly depreciation.
b. The Office Supplies account had a beginning balance of $775. Purchases totaling $1,225 were made during the year. A year-end inventory revealed that $600 of Office Supplies was on hand at the end of the year.
c. Services in the amount of $1,300 were rendered but not due to receive payment yet. Prepare the entry to record the revenue.
d. The weekly salaried payroll is $5,000. Tuesday, December 31,20xx is the end of the fiscal year. Prepare the adjusting entry to record the Salary Expense.
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