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Answer the following questions about prepaid expenses: a . On September 1 , Blue and Green Travel Ltd . prepaid $ 5 , 9 0
Answer the following questions about prepaid expenses:
a On September Blue and Green Travel Ltd prepaid $ for three months' rent. Give the adjusting entry to record rent expense at October Include the date of the entry and an explanation. Then post all amounts to the two accounts involved, and show their balances at October Blue and Green Travel adjusts the accounts only at October
b On October Blue and Green Travel paid $ for supplies. At October Blue and Green Travel has $ of supplies on hand. Make the required journal entry at October Then post all amounts to the accounts and show their balances at October
a Prepare the adjusting journal entry to record the rent expense at October Record debits first, then credits. Enter explanations on the last line. Round your answers to the nearest dollar.
tableJournal EntryDateAccounts and Explanations,Debit,CreditOct
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