Answered step by step
Verified Expert Solution
Question
1 Approved Answer
can someone help with this question i know the first one is right but i cant figure out number 2 and3 For each of the
can someone help with this question i know the first one is right but i cant figure out number 2 and3
For each of the following transactions for the Sky Blue Corporation, prepare the adjusting journal entries required on October 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a. Collected $3,600 rent for the period October 1 to December 31, which was credited to Unearned evenue on October 1 amount. $5,280 b. Paid $2,160 for a two-year insurance premium on October 1 and debited Prepaid Insurance for that c. Used a machine purchased on October 1 for $52,800. The company estimates annual depreciation of view transaction listview general journal Journal Entry Worksheet Record the rent revenue earned during October. ransaction General Journal Debit Credit a. Unearned Revenue Rent Revenue 1,200Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started