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000 12 1So Por menth as. On Sept 30 2017 ABC Realty received $18,000 cash fer 12 monti's rent desiting cash and credsting the sppropriate

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000 12 1So Por menth as. On Sept 30 2017 ABC Realty received $18,000 cash fer 12 monti's rent desiting cash and credsting the sppropriate cash for 12 month's rent debiting cash and crediting the appropriate 2 of 3 iability account. Journalize adjusting entry required on Dec 31" 2017 (plausible calculations needed). Adjusting Entry Q6. On Sept 30* 2018 ABC Co, paid $28,000 for a 4 year policy to insure its office building, debiting Prepaid Insurance ournalize the adjusting entry required for the year ending Dec 31, 2018 (plausible calculations needed). Adjusting Entry 7. Supplies had an $800 balance on Jan 1 2018. Supplies of $9,900 were purchased during 2018. lournalize the adjusting entry assuming that $1,200 of supplies remained on Dec 31. 2018 (plausible calculations needed Dr Cr. Q8. ABC's Capital Account balance was $80 on Jan 1" 2017. During 2017 ABC earned $200 Revenue and incurred 5160 Expenses, while the owner withdrew $20. Determine ABC's Capital as at Dec 31" 2017 (Show calculations to get credit). Answer: The balance in ABC's Capital Account at year end was $ Q9. You own a consulting firm and provide advice to companies for a monthly fee. O, Aprig 2013 ABC asked you to provide advice for each of the next 12 months starting immediately (April 26). You agree. Your fee is SS00 per month. ABC w pay monthly starting on May 15. You use the accrual accounting and prepare monthly financial statements for your firm ABC makes their first payment of $500 on May 16 as agreed. Provide the May 16 journal entry for your firm. Dr Cr Date Journal E Q10: Use the following information to answer questions 10a & 10b. Eliza employed a student (Gina) in her Caf during the summer. Gina worked 5 days a week Mon thru Friday and was paid for her week's work on the following Manday. Gina worked during the last week of July-when Tuesday feil on August 1 Q10a. If Eliza adjusts the Caf books monthly and Gina earned $50 per day what adjusting entry should be made record the accrued salaries for July? Dr. Cr Adjusting Entry Q10b. What journal entry should the Caf make when Gina is paid on Monday 7h August? (1 mark) Dr Cr

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