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Answer the following cuestions about prepaid exponnes a. On October 1. A and Sea Tree Service prepaid $2,400 for six months' rent Give the
Answer the following cuestions about prepaid exponnes a. On October 1. A and Sea Tree Service prepaid $2,400 for six months' rent Give the adjusting entry to record rent expense at October 31 Include the date of the entry and an explanation. Then post all amount October 31, the end of scal year b. On October 1, Air and Sea Tree Service paid $1,100 for supplies. At October 31 Air and Sea has $700 of supplies on hand Make the required joumal entry at October 31. Then post all amounts to the accounts a. On October 1, Air and Sea Tree Service prepaid $2 400 for six months rent Give the adjusting entry to record rent expense at October 31 include the date of the entry and an explanation Then post all amounts October 31, the end of its fiscal year Prepare the adjusting joumat entry to record the rent expence at October 31 (Record debts fest, then credits. Select the explanation on the last line of the journal entry table) Journal Entry Date Oct 31 Accounts and Explanations Prepaid Ront Debit Credit 1000 1000 Post the October 1 and 31 transactions to the following T-accounts. Be sure to calculate the ending balance of the accounts. Od 0 Prepaid Rent: 2400 Oct 31 Oct Bal Rent Expense Oct 1. On October 1, Air and Sea Tree Service paid $1,100 for supplies. At October 31, Air and Sea has $700 of supplies on hand. Make the required journal entry at October 31. Then post all amounts to the accounts Prepare the adjusting journal entry to record the supplies expanse at October 31 Journal Entry Date Oct 31 Accounts and Explanations Rent Expense Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question
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