48) Journalize the following entries for December 31. Explanations are not required. a. Beginning supplies were $2,096. Ending supplies were $923. b. Beginning interest expense was $0. Accrued...

48) Journalize the following entries for December 31. Explanations are not required.

a. Beginning supplies were $2,096. Ending supplies were $923.

b. Beginning interest expense was $0. Accrued interest expense is $777.

c. Wages incurred but not yet paid are $1,135.

49) Journalize the following entries for March 31. Explanations are not required.

a. A machine costing $7,000 with no salvage value was purchased on March 1 and straight-line depreciation is being used. The life is 5 years.

b. Unearned revenue was earned at the rate of $300 per month, starting November 1.

c. Wages incurred but not paid are $2,300.