| a. You would have to know what the inventory was at the begining of the period and purchases made during the year. If it gives it to you, you would do:
begining inventory+purchases-ending inventory(124,115)=Cost of goods sold
you would debit cost of goods sold and credit inventory. Otherwise no entry would be needed.
b. Assuming you recorded it as prepaid insurance during the year (an asset) you would debit prepaid insurance for 1,250 and credit insurance expense.
prepaid insurance dr 1,250
insurance expense cr 1,250
c. Same as part a except instead of Cost of goods sold use operating expense or supplies expense and credit supplies
d. Depreciation expense dr 7,400
accumulated depreciation cr 7,400
e. You can either account for all the salaries together or individually. Either make the following entry 3 times with each of the three amounts or add them all up and make one entry.
wage expense dr 350
wages payable cr 350 | 
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