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Below are a list of transactions that occurred and were appropriately recorded) for Gamecock Company throughout the you Based on the information given, record any
Below are a list of transactions that occurred and were appropriately recorded) for Gamecock Company throughout the you Based on the information given, record any necessary adjusting entries at year end (December 31). Round all awwers to the nearest dollar. Hint You should have a total of 5 adjusting Journal entries. Date Transaction June 30 Purchased a 12 month Insurance policy for $2,400. July 1 Received $1,800 in advance for services to be performed evenly over the next year, beginning immediately (... July 1 through June 30). November 13 Purchased $800 of office supplies. Additional Information: The Office Supplies account had a $600 balance at the beginning of the year, and a physical count of supplies on hand indicated that $200 of supplies remained at year end. Interest on a note payable that has accrued but has not been paid totals $1,000. . The income tax rate is 30%, and income tax will be paid in January of next year. Pre-tax income before adjusting entries was $1,000,000
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