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Below are transactions for Wolverine Company during 2021, 1. On December 1, 2021, Wolverine receives $2.400 cash from a company that is renting office space

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Below are transactions for Wolverine Company during 2021, 1. On December 1, 2021, Wolverine receives $2.400 cash from a company that is renting office space from Wolverine. The payment representing rent for December and January, is credited to Deferred Revenue 2. Wolverine purchases a one-year property Insurance policy on July 1, 2021 for $11.280. The payment is debited to Prepaid Insurance for the entire amount 3. Employee salaries of $1.400 for the month of December will be paid in early January 2022 4. On November 1, 2021, the company borrows $7.000 from a bank. The loan requires principal and interest at 12% to be pald on October 30, 2022 5. Office supplies at the beginning of 2021 total $840. On August 15 Wolverine purchases an additional $1,800 or office supplies, debiting the Supplies account By the end of the year $340 of office supplies remains Required: Record the necessary adjusting entries at December 31, 2021, for Wolverine Company. You do not need to record transactions made during the year. Assume that no financial statements were prepared during the year and no adjusting entries were recorded. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field. Do not round Intermediate calculations.) es View transaction list Journal entry worksheet

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