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At year-end, the following additional information is available 1. The balance of Prepaid Rent, $7.080, represents payment on October 31, 2021, for rent from November
At year-end, the following additional information is available 1. The balance of Prepaid Rent, $7.080, represents payment on October 31, 2021, for rent from November 1, 2021, to April 30, 2022 2. The balance of Deferred Revenue, $2,900, represents payment in advance from a customer. By the end of the year. $725 of the services have been provided 3. An additional $600 in salaries is owed to employees at the end of the year but will not be paid until January 4 2022 4. The balance of Supplies, $3,900, represents the amount of office supplies on hand at the beginning of the year of $1,650 plus an additional $2,250 purchased throughout 2021. By the end of 2021, only $790 of supplies remains. Journal entry worksheet >
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