The journal entry debits Accounts Receivable for $25,000, Insurance Expense for $8,000, and Supplies for $1,200. It credits Accumulated Depreciation for $2,400. Salaries and Wages Payable and Salaries and Wages Expense are also included but no amounts are provided.
The journal entry debits Accounts Receivable for $25,000, Insurance Expense for $8,000, and Supplies for $1,200. It credits Accumulated Depreciation for $2,400. Salaries and Wages Payable and Salaries and Wages Expense are also included but no amounts are provided.
The journal entry debits Accounts Receivable for $25,000, Insurance Expense for $8,000, and Supplies for $1,200. It credits Accumulated Depreciation for $2,400. Salaries and Wages Payable and Salaries and Wages Expense are also included but no amounts are provided.