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Assume it is now December 31, 2017, and Nicole has just completed her first year of operations at Nicole's Getaway Spo. Looking through her trial

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Assume it is now December 31, 2017, and Nicole has just completed her first year of operations at Nicole's Getaway Spo. Looking through her trial balance, she notices that there are some items that have either not been recorded or are no longer up to date. Nicole's Getaway Spa is renting its space at a cost of $600 per month. On September 1, 2017, Nicole paid eight months rent in advance using cash. This prepayment was recorded in the account Prepaid Rent back in September b. The building purchased at the beginning of the year for $47000 cash has estimated depreciation of $2,000 for 2017, but none has been recorded yet c Wages to the support staff at Nicole's Getaway Spa have been paid up to December 26, 2017. The support staff worked both December 27 and 28 and will be paid on January 5, 2018 Wages amount to $1,000 per day d. The insurance policy, purchased on June 1 for $3,000 cash, provides coverage for twelve months. The insurance coverage since June has now been used up e The unadjusted amount in the Spa Supplies account was $2,000 ot December 31 2017 for supplies purchased on account. A year- end count showed $700 of supplies remain on hand. 1. On the last day of December, a customer obtained spa services by using a $90 gift certificate that was purchased earlier in the month. Use of the gift certificate to pay for these services had not yet been recorded Assume it is now December 31, 2017, and Nicole has just completed her first year of operations at Nicole's Getaway Spo. Looking through her trial balance, she notices that there are some items that have either not been recorded or are no longer up to date. Nicole's Getaway Spa is renting its space at a cost of $600 per month. On September 1, 2017, Nicole paid eight months rent in advance using cash. This prepayment was recorded in the account Prepaid Rent back in September b. The building purchased at the beginning of the year for $47000 cash has estimated depreciation of $2,000 for 2017, but none has been recorded yet c Wages to the support staff at Nicole's Getaway Spa have been paid up to December 26, 2017. The support staff worked both December 27 and 28 and will be paid on January 5, 2018 Wages amount to $1,000 per day d. The insurance policy, purchased on June 1 for $3,000 cash, provides coverage for twelve months. The insurance coverage since June has now been used up e The unadjusted amount in the Spa Supplies account was $2,000 ot December 31 2017 for supplies purchased on account. A year- end count showed $700 of supplies remain on hand. 1. On the last day of December, a customer obtained spa services by using a $90 gift certificate that was purchased earlier in the month. Use of the gift certificate to pay for these services had not yet been recorded

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