$1$Record the receipt of $$12,000$ on January $1,2018,$ for subscription services related to magazines that will be published and distributed from January through December $2018.2$Record the March $31,2018$ adjusting entry for the January $1,2018$ receipt of $$12,000$ for magazine subscriptions to be published January through December $2018.3$Record the payment of $$1,200$ cash for supplies by Walker Window Washing on January $10,2017.$ As of March $31,2018,$ $$300$ of these supplies remained on hand. $4$Record the March $31,2018$ adjusting entry for the January $10,2017$ cash payment of $$1,200$ for supplies. As of March $31,2018,$ $$300$ of these supplies remained on hand. $5$Record the payment by Hockey Helpers of $$6,000$ on February $15,2018,$ to rent an arena for the months of March, April, and May. $6$Record the March $31,2018$ adjusting entry for the February $15,2018$ payment of $$6,000$ to rent a hockey arena for the months of March, April, and May. $7$Record the payment by Risky Ventures of $$1,800$ on January $1,2018,$ for two years of Insurance coverage from January $2018$ to December $2019.8$Record the March $31,2018$ adjusting entry for the January $1,2018$ payment of $$1,800$ for two years of insurance covering January $2018$ through December $2019.9$Record the January $1,2018$ cash payment by Rosie's Landscaping for a machine purchased for $$48,000.$ The company estimates annual depreciation of $$4,800.10$Record the March $31,2018$ adjusting entry for the machine purchased by Rosie's Landscaping on January $1$ for $$48,000.$ The company estimates annual depreciation of $$4,800.$

ting Entry In$-$class intro i

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Deferral $($Prepayment$)$ Adjustments $-$ pages $119-125.$

For each of the following independent situations, prepare journal entries to record the initial transaction and the adjustment required on March $31,2018.($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

a$.$ Magnificent Magazines received $$12,000$ on January $1,2018,$ for subscription services related to magazines that will be published and distributed from January through December $2018.$

b$.$ Walker Window Washing paid $$1,200$ cash for supplies on January $10,2018.$ As of March $31,2018,$ $$300$ of these supplies remained on hand.

c$.$ Hockey Helpers paid $$6,000$ cash on February $15$ to rent an arena for the months of March, April, and May.

d$.$ Risky Ventures paid $$1,800$ on January $1$ for two years of insurance coverage from January $2018$ to December $2019.$

e$.$ Rosie's Landscaping purchased a machine on January $1$ for $$48,000.$ The company estimates annual depreciation of $$4,800.$

Journal entry worksheet

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Record the March $31,2018$ adjusting entry for the machine purchased by Rosie's Landscaping on January $1$ for $$48,000.$ The company estimates annual depreciation of $$4,800.$

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$Mar$.31,,,],[,,,],[,,,],[,,,],[,>,,]]$