Started Work for Telo Dec. 31 Year-End wished rchased Insurance Jan 5 Jan 12 Dec 24 Dec 1 Dec 7 Dec 13 December 1 Prepaid a 24 month insurance policy (coverage starting immediately) for $2,400 cash. Received Cash in Advance ! Wages Paid Purchased Supplies Dec 7 Dec 13 Dec 24 Jan 5 December 7 Purchased supplies for $2,000 cash. Purchased Supplies Received Cash in Advance Wages Paid Dec 1 Dec 7 an 12 (Dec 24 Jan 5 Dec 13 December 13 Agreed to do $10,000 worth of work for Telo over the next 30 days. Payment is to be received when the work is completed on Jan. 12. ec 13 Dec 24 Jan 5 Jan 12 December 24 Received $4,000 cash in advance to perform work for ABX over the next four weeks. Received Cash in Advance Wages Paid Jan 5 (Jan 12 January 5 Paid wages of $800 cash to workers. Wages Paid Advance Jan 5 Dec 24 January 12 Received $10,000 cash from Telo for work performed over the last 30 days. Wages Paid Received Cash in Advance Next > 2 of 7 Additional InTOI Telo Job Completion at Year-End ABX Job Completion at Year-End Telo 60% Complete ABX 25% Complete Wades Earned By Workers but not vet Paid at Year-End Sunnlies Remainina at Year-End lies Remaining at Year-End Wages Earned By Workers Supplies Remaining at Year-End: $700 Wages Earned By Workers but not yet Paid at Year-End: $500 de | 1 1 2 3 4 Record the purchase of insurance coverage. Note: Enter debits before credits. Debit Credit Date General Journal Dec 01 1 3 4 B Record the purchase of supplies. Note: Enter debits before credits. Debit Credit Date General Journal Dec 07 Journal entry worksheet 3 4 Record the $10,000 worth of work agreed for Telo over the next 30 days. Note: Enter debits before credits. Date General Journal Debit Credit Dec 13 Journal entry worksheet