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Answer the following questions about prepaid experie a. On March 1, Blue and Green Tree Service prepaid $5,400 for six months' rent. Give the
Answer the following questions about prepaid experie a. On March 1, Blue and Green Tree Service prepaid $5,400 for six months' rent. Give the adjusting entry to record rent expense at March 31. Include the date of the entry and an explanation. Then poat at amounts to the two accounts involved and show their balances at March 31, Blue and Green adjusts the accounts only at March 31, the end of its facal year. On March 1, Blue and Green Tree Service paid $900 for supplies. At March 31, Blue and Green has $500 of supplies on hand. Make the required journal entry at March 31. Then post all amounts to the accounts and show their balances at March 31. Assume no beginning balance in supplies a. On March 1, Blue and Green Tree Service prepaid $5,400 for six months' rent. Give the adjusting entry to recond rent expense at March 31. Include the date of the entry and an explanation. Then post all amounts to the two accounts involved and show their balances at March 31. Blue and Green adjusts the accounts only at March 31, the end of its fiscal year Prepare the adjusting journal entry to recond the rent expense at March 31. (Record debts first, then credits. Select the explanation on the last s Date Mar 31 Journal Entry Accounts and Explanations Debit Credit Post the March 1 and 31 transactions to the following T-accounts. Be sure to calculate the ending balance of the accounts. Prepaid Rent Mar Ba Rent Expense Mar b. On March 1, Blue and Green Tree Service paid 5000 for supplies. Ad March 31, Blue and Green has $500 of supplies on hand. Make the required journal entry at March 31. Then post all amounts to the accounts and show their balances at Choose from any at or enter any number in the input fields and then continue to the next question
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