Starbellies Tattoo Parlor LLC is completing the accounting process for its year ended 12/31/14.The transactions for the year have been journalized and posted.Information for adjusting entries appears below.
a.The supplies account shows a balance of $900.A count of supplies revealed $400 on hand at 12/31/14.
b.A one-year insurance policy was purchased for $1,200 on 12/1/14.It was recorded as Prepaid Insurance at that time.
c.Office equipment depreciates at a rate of $1,000 per year.The equipment has been owned all year.
d.A client paid $10,000 in advance for services to be rendered later,which was recorded as unearned revenue.Of this amount,30% was earned as of 12/31/14.
e.Employees earn $5,000 for a 5-day work week.December 31,2014 falls on a Tuesday.
f.Starbellies has completed $500 of work for which it has neither received cash nor billed the client.

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The Answer of Starbellies Tattoo Parlor LLC is completing the accounting process for its year ended 12/31/14.The transactions for the year have been journalized and posted.Information for adjusting entries appears below.
a.The supplies account shows a balance of $900.A count of supplies revealed $400 on hand at 12/31/14.
b.A one-year insurance policy was purchased for $1,200 on 12/1/14.It was recorded as Prepaid Insurance at that time.
c.Office equipment depreciates at a rate of $1,000 per year.The equipment has been owned all year.
d.A client paid $10,000 in advance for services to be rendered later,which was recorded as unearned revenue.Of this amount,30% was earned as of 12/31/14.
e.Employees earn $5,000 for a 5-day work week.December 31,2014 falls on a Tuesday.
f.Starbellies has completed $500 of work for which it has neither received cash nor billed the client.

Starbellies Tattoo Parlor LLC Is Completing the Accounting Process for Its