B D G ACCT 211 Adjusting Entries: Deferral Name 1 2 1 4 5 1 On January 1, 2020 Daphne Doodle Construction paid their annual insurance premium of $24,000 to AB Insurance Co. This will cover their insurance expense for all of fiscal year 2020. Journalize the original entry for Daphne Doodle for Jan. 1st and the adjusting entry for July 31, 2020. Assume no adjusting entry has been done this year Date Account Name R Debit Credit 2 From Question, prepare the original journal entry at January 1, 2020 for AB Insurance Co. and the adjusting entry for their fiscal year ending July 31, 2020. Assume no adjusting entry has been done this year Date Account Name Ref Debit Credits 2 8 9 10 11 12 13 14 15 10 17 18 19 20 21 22 23 24 25 26 LY 28 29 30 33 32 33 34 35 36 3 On June 1, 2020 Sylvester prepaid Tweety for his rent for 6 months: 5500 each month totaling $3000. Prepare the original joumal entry Tweety would make for the payment from Sylvester on June 1st. Ako prepare the adjusting entry Tweety would make after the first month has expired on June 30th Date Account Name Re Debit Credit 4 From Question 13, prepare the journal entry Sylvester would make for the payment on June 1st Also prepare the adjusting entry Sylvester would make after the first month has expired on June 30th Date Account Name Red Debit Credit 38 39 40 41 42 43 44 45 46 47 5 Dourowns Funny Board Co. and prepays for his supplies. On Feb 1, 2020 Doug paid $2,800 for supplies to Boards Unlimited. Prepare the Feb 1st journal entry for Funny Board Co. Also, at the fiscal year end on Dec 31, 2020, $150 worth of supplies remain. Prepare the necessary adjusting entry for Funny Board Date Account Name Raf Dehit Credit 49 50 51 52 53 54 55 HW Sheet2 Ready