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14. Below are two related transactions for Golden Corporation. The annual accounting period ends December 31. For each date listed, give the required entry in
14. Below are two related transactions for Golden Corporation. The annual accounting period ends December 31. For each date listed, give the required entry in journal format. (a) October 1, 2009-Golden Corporation borrowed $100,000 and signed a one-year note. Total annual interest =$8,000. The principal and interest are due in one year (on September 30, 2010). (b) December 31, 2009-end of the annual accounting period. 15. Bridge Company keeps a small inventory of supplies used for cleaning and maintenance purposes. On January 1,2019 , the inventory of supplies on hand was $2,000. During the year, supplies purchased were debited to the supplies inventory account in the amount of $6,500. On December 31,2019 , the inventory count of supplies in the storeroom was $1,750. Give the adjusting entry required at December 31, 2019. 16. On November 1, 2019, Bruce Company leased some of its office space to Fairlane Company and immediately collected twelve months rent in advance of $600,000. Bruce debited cash and credited unearned rent revenue for $600,000. At December 31, 2019 (the end of the accounting period), give the adjusting entry Bruce should make in respect to the rent
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