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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
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 Supplles was $1,000. During the year. 54,000 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., earned $3,800 of the total fees received in advance during the current yakar . Depreciation for the current year includes Vehicles, 52.770, and Equipment. $1,000 Genom Center info 2. The beginner of sw3.000. During the word Jay D Date Account De During the year. Hope Chat 1.100 Date Acco De Depreciation for the current modes w120,00 Mommy Jour Entry Date ACE Du De
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