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At Sunland Ltd . , prepaid costs are debited to expense when cash is paid and unearned revenues are credited to revenue when the cash

At Sunland Ltd., prepaid costs are debited to expense when cash is paid and unearned revenues are credited to revenue when the cash
is received. During January of the current year, the following transactions occurred.
Jan. 2 Received $10,800 for services to be performed in the future.
2 Paid $3,792 for casualty insurance protection for the year.
10 Paid $4,500 for supplies.
On January 31, it is determined that $3,750 of the service revenue has been earned and that $2,550 of supplies are on hand.
(a)
Journalize the January transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when
amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.
Record journal entries in the order presented in the problem.)
(To received cash for services to be performed in the
future)
(Paid cash for casualty insurance)
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