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BE3-2 (L02) Agazzi Repair Shop had the following transactions during the first month of business as a proprietorship. Jour nalize the transactions, (Omit explanations.) Aug
BE3-2 (L02) Agazzi Repair Shop had the following transactions during the first month of business as a proprietorship. Jour nalize the transactions, (Omit explanations.) Aug 2 7 12 15 19 invested 12.000 cash and $2.500 of equipment in the business Purchawdwupplies on wount for 50 (Debit account) Performe rvice for clients for which was collected in cash and 5670 was billed to the clients Paid Augustrent 5600 Curved supplies and determined that only $270 of the supplies purchased on August 7 are still on hand BE3-3 (L02,3) On July 1, 2017, Crowe Co, pays $15,000 to Zubin Insurance Co for a 3 year insurance policy. Both com panies have fiscal years onding December 31. For Crowe Co., journalize the entry on July 1 and the adjusting entry on Decem. BE3-4 (L02,3) Using the data in BE3-3 journalize the entry on July 1 and the adjusting entry on December 31 for Zubin Insur- ance Co. Zubin use the accounts Uneamed Service Revenue and Service Revenue BE3-5 (L02,3) Assume that on February 1, Procter & Gamble (P&G) paid 5720,000 in advance for 2 years' insurance cover age. Prepare P&G's February 1 journal entry and the annual adjusting entry on June 30. BE3-6 (L02,3) LaBouche Corporation owns a warehouse On November 1, it rented storage space to a lessee (tenant) for 3 months for a total cash payment of $2,400 received in advance. Prepare La Bouche's November 1 journal entry and the December 31 annual adjusting entry
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