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a payment in cash of $12000 was made for prepaying rent for the entire year of 2018. So if we are making the adjusted journal
a payment in cash of $12000 was made for prepaying rent for the entire year of 2018. So if we are making the adjusted journal entry for the end of the month would there be a debit of $1000? But then calculating the the new balances it wont be equal?
6. Journalize the following adjusting journal entries in the general journal, being sure that the debits equal the credits: a. Calculate and make the adjustment for the amount of prepaid rent that has been used b. Make an adjusting journal entry in the amount of $1,000 for depreciation of the vehicles. c. Make an adjusting journal entry in the amount of $100 for depreciation of the equipment
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