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a. Prior to making the adjusting entry on December 31, the balance in Prepaid insurance is $5,400. Rope Challenge, Inc., pays liability insurance each year

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a. Prior to making the adjusting entry on December 31, the balance in Prepaid insurance is $5,400. Rope Challenge, Inc., pays liability insurance each year on April 1. b. Rope Challenge, Inc., pays employees each Friday. The amount of the weekly payroll is $11,000 for a five-day workweek. December 31, the fiscal year-end, is a Monday. c. Rope Challenge, Inc., received notes receivable from some customers for services provided. For the current year, accrued interest amounts to $280 and will be collected next year. d. The beginning balance of Supplies was $1,000. During the year, $4,000 of supplies were purchased. At December 31, the supplies on hand total $1,900. e. During the year, Rope Challenge, Inc., received $9,100 in advance for services to be provided at a later date. As of December 31, Rope Challenge, Inc., eamed $3,800 of the total fees received in advance during the current year. f. Depreciation for the current year includes Vehicles, $2,770, and Equipment, $1,000. Journal funger needed December 31, the end of the currency for each of the following independent com acting age Challenge, I. No other justing entries made for the year. Record de Erst, then the date ofrom any umalis) lick the icon to view the needet) Prior to making the entry on December 31, the balance in Prepaid in 35.400 Rep Challenge, he hity nurance each year enor Journal Entry Date Account Deb Cro Dec Rupe Cont pas employeesh Friday. The amount of the way 1.000 for a five-day workweak December 31, the land is Monday Journal Entry Date A D Cred Rope Change the received sevable to some customers for some for the current year, acord state collectedros yrat Joumal Entry Accounts Deba Crea Dos first, then credits. Exclude explanations from any journal entries.) e current accounting year, for each of the following independent coses affecting Rope Challenge, Ine Click the icon to view the independent cases.) d. The beginning balance of Supplies was $1,000. During the year, S4,000 of supplies were purchased. At December 31, the supples on hand total $1,900. Journal Entry Date Accounts Debit Credit Dec e. During the year, Rope Challenge, Inc., received $9,100 in advance for services to be provided at a later date. As of December 31, Rope Challenge, Inc., earned $3,80 Journal Entry Accounts Date Debit Credit Dec 1. Depreciation for the current year includes Vehicles, $2,770, and Equipment, $1,000. Make a compound entry Journal Entry Accounts Date Debit Credit Dec

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