Business & Finance Homework Help

Question three: prepare adjustment entries for the year endedDecember 31, for each of these separate situation.a- Prepaid insurance has a debit balance of 6,000 $, the insurance policypurchased on 14 July to cover 2 years.b- The office supplies has debit balance of 3,000 $ at the beginning of theyear, during the year purchase 6,000 $, at the year end the supplies used3000 $.c- The annual depreciation for the building is 40,000 $.d- Total wages for December is 60,000 $, two weeks, wages still not paid yetto the workers