On December 31, 2007 Cochran Company made the following proper year-end adjusting entries:

Required
1. Prepare journal entries to record whatever reversing entries you think are appropriate.
2. Explain your reasoning for each reversingentry.

Transcribed Image Text:

Date Account Titles Dec. 3Bad Debts Expense Allowance for Doubtful Accounts 31 31 Unearned Rent 31 31 Rent Receivable Interest Payable (due July 1. 2008) 31 Accumulated Depreciation 31 nsurance 31 Interest Receivable (due February 1, 2009)225 Interest Revenue 31 Advances to Salespersons 31 4,300 4,300