Question
2 Question Two: (7.5 points) You are given the following information The prepaid insurance account shows a debit balance of $4,680, representing the cost of
2 Question Two: (7.5 points) You are given the following information The prepaid insurance account shows a debit balance of $4,680, representing the cost of a three-year fire insurece policy that was punched cument year The office supplies account has a beginning debit balance of $800. During the year, $3,200 in wpplies were purchased. A yes and of supplies still on hand. her of the le On December 1 of the current year, the company received $6,000 in cash from another company that is rewing office par in the copy's building the payment, representing rent for December and January, was credited to sneamed revenue d. On October 1 of the current year, the company lent $180,000 to another company. A note was signed with principal and 8% bed me of the next year Required: Record the December 31 adjusting entries in the general journal. Assume that December 31 is the end of the amal sing period plant Date General Journal Dr. 8
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