Employees have been paid for work done up to December 27, but the $1,100 they have earned for December 28â∳1 has not yet been paid or recorded. 3.) At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of $0 and Salaries and Wages Expense of $28,000. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. The insurance was purchased on July 1 and provides coverage for 24 months. 2.) At December 31, the unadjusted trial balance of H&R Tacks reports Prepaid Insurance of $5,040 and Insurance Expense of $0. On December 31, supplies costing $7,400 are on hand. 1.) At December 31, the unadjusted trial balance of H&R Tacks reports Supplies of $8,400 and Supplies Expense of $0.
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