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21 10 points 01:06:31 Skipped Willow Window Washing Services prepares adjustments monthly and shows the following selected accounts on its December 31, 2023, unadjusted trial
21 10 points 01:06:31 Skipped Willow Window Washing Services prepares adjustments monthly and shows the following selected accounts on its December 31, 2023, unadjusted trial balance: Prepaid insurance Prepaid office rent Prepaid subscriptions Prepaid equipment rental Account Required: Prepare the required monthly adjusting entries at December 31, 2023, based on the following additional information: a. The remaining balance in Prepaid Insurance was for a six-month insurance policy purchased for $6,840 and in effect on September 1, 2023. View transaction list b. $4,200 of the balance in Prepaid Office Rent had not been used as at December 31, 2023. c. $1,040 of the balance in Prepaid Subscriptions had been used as at December 31, 2023. d. The company paid $30,240 on April 1, 2023, to rent equipment for a three-year period beginning April 1, 2023.
Wilow Window Washing Services prepares adjustments manthly and shows the following setected accounts on is December 71 , 2023, unadfusted triai balance: Required: Prepare ihe required monthly adjusting entries at December 31, 2027, based on the folgwing additional information. a. The remaining balance in Prepaid insurance was for a sox-month insulance policy purchased for 56,840 and in effect an Septembel 1, 2023 b. 54,200 of the balance in Prepald Oflice Peent had not been used as at December 31,2023 c. 51,040 of the balance in Prepaid Subscipsons had been used as at December 31,2023 d. The company paid $30,240 on Aprit 1, 2023, to tent equpoment for a threeyeat petiod begansing April 1, 2023 Journal entry worksheetStep by Step Solution
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