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5 4. points Each of the following independent events requires a year-end adjusting entry a. Paid $9,700 cash in advance on July 1 for
5 4. points Each of the following independent events requires a year-end adjusting entry a. Paid $9,700 cash in advance on July 1 for a one-year lease on office space. b. Purchased $3,900 of supplies on account on April 15. At year-end. $150 of supplies remained on hand. c. Received a $8,100 cash advance on July 1 for a contract to provide services for one year beginning immediately d. Paid $3,700 cash in advance on February 1 for a one-year insurance policy Block Help Save & Exit Submit Check my work Fren Required Record each event and the related adjusting entry in general journal format. The first event is recorded as an example. Assume a December 31 closing date. (Do not round intermediate calculations. Round your final answer to the nearest whole dollar. If no entry is required for a transection/event, select "No journal entry required" in the first account field) Date July 1 Account Titles Prepaid rent Cash December Debit Credit 9,2001 4,850 Rent expense (9,700/13) Prepaid rent View transaction list Journal entry worksheet Next >
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